lose right or title in the shares; this is
evident from the shares at the time of first invocation though having
been transferred from ... sale, Regulation 58
provides for notice post invocation and on which invocation beneficial
ownership of pledged shares changes from that of the pledgor to that
Consequence of Invocation:
3.2.1 Irrespective of anything contained in this Agreement, on
invocation of pledge, the shares comprised in the Collateral will
not become ... sale,
Regulation 58 provides for notice post invocation and on which
invocation beneficial ownership of pledged shares changes from that
of the pledgor to that
shareholding of
PFC and its supporters ?
3) Whether the invocation of the shares pledged by
the respondent no.8 is valid or not?
4) Whether ... transfer of pledged
shares in its name. Petitioner was entitled to register shares in its name
and the transfer of shares was procedural aspect
particularly regulation 10(1)(b)(viii) relating to acquisition of shares on
invocation of pledge, would not be applicable to the appellant, because,
the appellant ... exercised control over the target company nor
sold the shares acquired on invocation of pledge. Therefore, SEBI is not
justified in directing the appellant
Vodafone India Services Private Ltd.,, ... vs The Deputy Commissioner Of Income Tax, ... on 23 January
hold 53.02% of the shares
in the defendant no. 25. The pledged shares constitute 10% of the total issued
shares of the said company. Plaintiff ... such consideration the pledge invocation notices all dated
27th July, 2018 cannot be invoked and enforced.
The invocation of the share pledge agreement
business of trading in
shares and securities and during the year, the sale and purchase
of shares have come to a halt following the order ... from trading in shares is the net effect of gain/loss arising from
sale of shares by the lenders on invocation of pledged shares
preference shares shall be made on or
after completion of 27 months from the date of allotment of
shares at ₹ 125 per share. The company ... shares shall have also an option for
conversion into equity shares of ₹ 10 each at a minimum
conversion price of Rs.80 per equity share
Accordingly alternatively loss
incurred on sale of shares can be restricted to that extent.
2.6. As far as treating the said loss as speculation loss ... incurred on sale of shares in the current year.
23. As regards the invocation of provisions of section 79 is concerned, firstly we may
gainfully
application by the pledgor challenging the notice for invocation
of pledge under the share pledge agreement dated 24th November, 2014. The
defendant ... NCLT and
in view of discharge of such debts, the said invocation is illegal. It is submitted
that the interests of the debtors were protected
