property which has been deposited in the Escrow Account. The Escrow
Account, as per the Escrow Account Agreement, is to be operated by Escrow
Bank ... issue any cheque or draft on the Escrow Account. Escrow
Bank under the Escrow Agreement is obliged to follow the instructions given
by the lender
property which has been deposited in the Escrow Account. The Escrow
Account, as per the Escrow Account Agreement, is to be operated by Escrow
Bank ... issue any cheque or draft on the Escrow Account. Escrow
Bank under the Escrow Agreement is obliged to follow the instructions given
by the lender
AMCC for the pre-CIRP period in
the escrow account as per the Escrow Agreement.
Aggrieved by the decision of Respondent No. 1 and Respondent ... Agreement, the AMCC was to be placed in the Escrow Account and the Escrow
Agreement itself provided that the AMCC was to be returned
AMCC for the pre-CIRP period in
the escrow account as per the Escrow Agreement.
Aggrieved by the decision of Respondent No. 1 and Respondent ... Agreement, the AMCC was to be placed in the Escrow Account and the Escrow
Agreement itself provided that the AMCC was to be returned
representative),
Respondent No.1 and SBP (as the Escrow Bank) entered into
an Escrow Agreement.
(ii) State Bank of Patiala was merged with State Bank ... shall, at the time of opening the Escrow
Account, give irrevocable instructions, by way of an Escrow
Agreement, to the Escrow Bank instructing, inter alia
guarantees. It was also decided to open an escrow account by virtue of
escrow agreement which was executed on 04.08.2014.
3. The Appellant filed ... agreement dated 31.08.2012, the term sheet
dated 02.09.2012 and the addendums dated 31.12.2012 to the
agreement and the original term sheet and the escrow agreement
lenders.
Furthermore, the Concession Agreement, the Loan Agreement and the
Substitution Agreement constitute one consolidated transaction, and the
Loan Agreement cannot be considered in isolation ... Concession Agreement, the Loan Agreement and the Substitution Agreement
leads to the inevitable conclusion that one cannot simply look at the Loan
Agreement in isolation
Page 23 of 71
entered into an escrow agreement by
which the entire shares of the Corporate
Debtor was deposited with the escrow
agent ... entered into several
ancillary agreements being `Inter-Corporate Deposit Agreement' dated
19.03.2012, `Corporate Guarantee' dated 29.03.2012 and an `Escrow
Agreement' dated
Page 23 of 71
entered into an escrow agreement by
which the entire shares of the Corporate
Debtor was deposited with the escrow
agent ... entered into several
ancillary agreements being `Inter-Corporate Deposit Agreement' dated
19.03.2012, `Corporate Guarantee' dated 29.03.2012 and an `Escrow
Agreement' dated
dated 28.2.2024.
36. The Appellant further submitted that the execution of Escrow Agreement
on 3.2.2024 between the Respondent and IDBI Bank (Lead Bank) in respect ... that
the Appellant has accepted the Negotiated Settlement Proposal as the Escrow
Agreement. The Appellant elaborated the various clauses of Escrow Agreement
to highlight that
