shares i.e. 30% promoters' shares in the
defendant no.2 company and hence, the aforesaid shares were
CS(COMM) 667/2022 Signature
Page ... shares was made clear
to the plaintiff when the pledged shares were invoked by the defendant
bank on 6th September, 2022. The intimation of invocation
pledged its shares with
Aapico has challenged the invocation of shares before the
High Court UK and the High Court has found prima facie
case ... loan by the ABT-UK, shares in SGAH,
the Aapico invoked the share charge and appropriated 50.01% shares of ABT-
UK in August, 2019. Thus
pledged its shares with
Aapico has challenged the invocation of shares before the
High Court UK and the High Court has found prima facie
case ... loan by the ABT-UK, shares in SGAH,
the Aapico invoked the share charge and appropriated 50.01% shares of ABT-
UK in August, 2019. Thus
Pledged Shares on
17.06.2019 and perfected its title to the Pledged Shares by registering itself
as beneficial owner in respect of the Pledged Shares ... reduction was affected by Resolution Professional on the ground of
invocation of Shares of the Corporate Debtor Pledged to the Appellant as
noticed above
been issued, also constituted the basis for
invocation of 5,85,064 shares of the plaintiff, which forms subject
matter of challenge in CS(Comm ... consequent to a statement
made by the defendant, stayed the invocation of the pledged shares.
The application under Order XXXIX, Rules
noteworthy that respondent No.2 has
acted upon by reversing the share pledge invocation transactions.
However, the fact remains that since 2005 Respondent
plaintiff to secure the optimum
price of the pledged shares, after the invocation of pledge,
carries any substance in view of the rights ... leave to defend the suit.
22. The ground of non-invocation of pledged shares at an
opportunate time so that the pledged shares could fetch
invocation and sale of the two sets of
pledged shares. For the shares pledged against the Working Capital
Facility, the petitioner was granted time till ... petitioner
submits that the basis of the notice of invocation and sale of pledged
shares is default in payment. Such alleged default in payment
March 2022 to
the Applicant/Plaintiff No. 1 for invocation of pledged shares
of the Applicant/Plaintiff No. 1 in Interim Application ... acting in pursuance of the notice dated 8th March
2022 for invocation of shares pledged by the Applicant /
Plaintiff No. 1 is concerned, Mr. Peermohideen
noteworthy that respondent No.2 has
acted upon by reversing the share pledge invocation transactions.
However, the fact remains that since 2005 Respondent
