Note dated 07.03.2013 for Rs. 3.50 crores 56
19 Composite hypothecation deed executed on 19.03.2010 to 57-68
the extent of Rs. 4.50 crores ... Composite hypothecation deed executed on 19.01.2012 to 69-80
the extent of Rs. 3.72 crores
21 Composite hypothecation deed executed
found acceptable. Rather, from a composite reading of the Agreement for Sale
dated 30.11.2020 and the alleged Mortgage Deed of 30.12.2020, Ld. NCLT
gathered ... section (1) applies
to--
(i) any composition deed; or
(ii) any instrument relating to shares in a joint stock
Company, notwithstanding that the assets
found acceptable. Rather, from a composite reading of the Agreement for Sale
dated 30.11.2020 and the alleged Mortgage Deed of 30.12.2020, Ld. NCLT
gathered ... section (1) applies
to--
(i) any composition deed; or
(ii) any instrument relating to shares in a joint stock
Company, notwithstanding that the assets
Page 2 of 11
demand promissory notes dated 23.10.2002, composite deed of hypothecation
dated 23.10.2002. Also that on 23.03.2004, the Directors of the 2nd Respondent ... signed the documents being the demand promissory note dated 23.03.2004,
composite deed of hypothecation dated 23.03.2004 for all facilities.
5 The stand
alleged
2
that the stand taken by the Bank that the Composite Deed of Mortgage and
Hypothecation Deed dated 12th January, 2011 and modified
Company
Petition:
➢ "Hypothecation Agreement of Good and Debts dated
12.10.2013.
➢ Composite Hypothecation Deed dated 12.10.2013.
➢ Supplementary Memorandum (Equitable Mortgage)
dated 12.10.2013 along with Notice
control over the policy decisions of the corporate
debtor and on the composition of the board of
directors, hence they are related parties in terms ... change in the composition of the Board of
Company accept in accordance with the terms of the Articles of
Debenture Trust Deed
means of a
Registered Conveyance Deed dated 28.12.2005 and was no more of the
composite State of Andhra Pradesh / `APIIC' on the appointed date
control over the policy decisions of the corporate
debtor and on the composition of the board of
directors, hence they are related parties in terms ... change in the composition of the Board of
Company accept in accordance with the terms of the Articles of
Debenture Trust Deed
deeds cannot be cancelled in exercise of power under Section 66, however,
the Adjudicating Authority treated the application as a composite
application under Section ... treated as
composite application under Section 66, 45 and 49. The Adjudicating
Authority committed error in treating the application as composite
application and there being
