scale and depth of the involvement
and interference of these two Trustees in the affairs of 1st Respondent
Company and Tata Group Companies is evident ... presence of independent directors on the Board,
just two trustee nominee directors alone can decide what gets approved
(even this was brought down from
Deed dated 3.5.2017 with
the Managing Director and Trustees of the Company in respect of two
properties. 4th to 6th Respondent stated that the said ... respondent argued that there were
only two Trustees in the Company at the time of passing the board resolution
and even if it is admitted
Facility granted to RCOM and RTL. The Axis Trustee
Services Ltd. was appointed as the Security Trustee in respect of the Deeds of
Guarantee. Around ... their accounts were declared as an NPA. On
01.02.2019, the Security Trustee under two separate letters invoked the Corporate
Guarantees and called upon
maintaining adequate notice period has existed for more than two decades,
and the Trustee cannot take shelter under the plea that the judgment was
rendered ... Trustee on the other hand maintains that every step
was carried out properly and that Union Bank remained silent throughout.
The Trustee says that two
maintaining adequate notice period has existed for more than two decades,
and the Trustee cannot take shelter under the plea that the judgment was
rendered ... Trustee on the other hand maintains that every step
was carried out properly and that Union Bank remained silent throughout.
The Trustee says that two
passing of such board
resolution of 18.10.2019 by Invesco Trustee Private Limited claiming to be
trustee of the debentures in question, attention is drawn before ... debenture trustee is claimed to be as Invesco Trustee
Private Limited. Hence, there cannot be two debenture trustees in a gap of just
18 days
procuring NOC from Airports Authority of India for
SPDPL project. Thereafter, in two other meetings held between the
representatives of Satra Group and MJS group ... Subscription Agreement
and the Debenture Trustee Deed, both dated 1.3.2014 for proper
stamping. The Judicial Member in the two-member bench held as
follows
distinguishable in light of the facts of the present matter.
21. The two issues that arise in this appeal relate: -
(i) The locus standi ... Security Trustee Agreement
"THIS SECURITY TRUSTEE AGREEMENT ("this Security
Trustee Agreement") is made at Ahmedabad on 26th day of
November, Two Thousand
Mr P Varadarajan & Ors vs Dr. A. Jawahar Palaniappan & Anr on 18 November
Chettinad Coal Washeries Pvt Ltd vs Dr. M.A.M. Ramaswamy Chettiar&Anr on
