Account‖ and ―SFSL Designated Bank
Account‖, respectively, and
(b) a pari passu pledge over 13,53,92,496 shares, held
by the petitioner ... hereinafter referred to as
―BILT‖), for which purpose, separate memoranda of
pledge, dated 5th January, 2017 and 27th June, 2018, were
entered into.
Clause
plaintiff's Branch at Faridabad to sanction Cash Credit Facility (Pledge) to the limit of Rs. 2,00,000/- and on the same date ... promissory note for the said amount and continuing security and agreement of pledge of goods. The said Cash Credit Facility was sanctioned
shares were offered only as security. First defendant denied that it had pledged the shares with the second defendant and handed over blank transfer forms ... which is required to be given by the pledgee before selling the pledged goods. The defendant No. 2 allegedly sold the shares and also bought
created in favour of Indiabulls including by mortgage
of immovable properties, pledge of shares, hypothecation of certain assets
and personal guarantees by the promoters ... terms of the Loan Agreements, the Borrowers executed twenty-
two separate Pledge Agreements in terms of which shares of certain group
companies were pledged
security for the loan proposed to be advanced, the plaintiff pledged with the said bank stocks consisting of Kappas, cotton seeds, cotton seed cakes ... parties on October 23, 1946, inter alia, provided that the goods pledged would remain in the exclusive possession and under the exclusive control
these credit facilities. He executed various loan documents. As a security he pledged the goods produced and merchandised by the defendant No.1 with ... also agreed to keep the margin in the goods pledged by the defendants to the bank in the ratio of 10% in the raw material
adjustment before filing the suit by making a request-to sell goods pledged with the plaintiff-respondent; and (ii) who claimed adjustment of the amount ... value of the goods pledged, insured and kept under lock and key of the plaintiff-bank, which were subsequently burnt, is entitled to get leave
securities to the defendant No.3. One of the
securities is a pledge of shares of the plaintiff which were to be kept ... executed by the plaintiff on the same
date, inter alia, to pledge, mortgage, charge, transfer, assign and/or
otherwise dispose of all or part
plaintiffs, who are
investment companies, vide letter dated 7th February,
2003, pledged 15,00,000 equity shares of defendant no.8
Blue Coast Hotels ... manner of its repayment; under the
Settlement Agreement, the plaintiffs reiterated the pledge
of all their right, title and interest in 15,00,000 equity
Resolution,
Co. Pet. 94/2000 Page 1 of 20
the respondent company pledged certain shares as Collateral Security. On
09th September, 1996, a Tripartite Agreement ... Pledge was executed
between the petitioner (Lender), Lunar Diamonds Limited (Principal
Debtor) and respondent-guarantor.
3. However, as the cheques issued by the principal debtor
