parties, more particularly the escalation price, fixed
costs, amount lying in Escrow account and cost of construction
of railway siding. Therefore, the appellant invoked clause ... bifurcated into
four heads, namely, (1) Price Adjustment; (2) Fixed Costs; (3)
Escrow Account; and (4) Construction of Railway Siding. The
learned Arbitrator passed
Article
8.3 of ITPL's PPA provides for maintaining an Escrow Account with MPEB's
bank at all times following the First Unit ... mutually agreed by the parties. It
farther provides that such Escrow Account shall be (i) established and
maintained by MPEB in accordance with Escrow Agreement
second public announcement also indicated that firm financial arrangements through an escrow account had been made as per the Takeover Regulations. This financial arrangement ... individual shareholders of INDAL. Financial arrangements, by increasing he value of the escrow account, were separately made by the Petitioners in accordance with Regulation
MOCA.
vi. The PSF (SC) fee has to flow into a separate Escrow
account which is subject to strict control, including controls
in respect ... MOCA has supervening powers to direct the operation
of the Escrow account.
viii. The amount of PSF to be collected is statutorily fixed by
MOCA
further subject to final award
of the Arbitral Tribunal, deposit in an escrow account, a sum of
Rs.337,73,19,434.10 paise, found
executed three separate agreements - the Common Loan
Agreement dated 02.05.2008 and the Escrow and Substitution
Agreements dated 29.09.2008.
i. By way of the Common Loan ... Page 5 of 64
Signing Date:07.10.2020
22:56:30
ii. The Escrow Agreement dated 29.09.2008 executed between all the
parties herein
manufacturer, within sixty days from the end of the
quarter, in an escrow account opened by the manufacturer,
for this purpose, in a bank authorized ... duty
collection;
(ii). operations including withdrawals from and closure of
the said escrow account shall be made with the prior
approval of the jurisdictional Commissioner
crores being the balance part of the
minimum Termination Payment into the Escrow Account.
3. The petitioner in OMP (I) (COMM.) 227/2017, Punjab National ... seeks a direction to
NHAI to pay Rs. 374.51 crores into the Escrow Account for
appropriation by the Lenders.
4. NHAI had invited proposals
deposited in an 'Escrow Account' pending utilisation.
14.9. During the year under consideration, the assessee
included passenger facilitation component ... portion was kept in separate
'Escrow Account' for which separate books of account were
maintained in accordance with the Standard Operating
Procedure
agreement dated 14-7-1995. The parties to the agreement agreed for Escrow arrangement under Clause 1.04 according to which Citi Bank, NA, Connaught Circus ... Delhi was appointed as Escrow agent and consequently Escrow account was opened with Citi Bank. So the payment of the sum was guaranteed. This amount
