further discussion:
" Section 11 : Escrow of Source Code
11.1. Escrow, concurrent with the execution or this
Agreement, the parties will duly execute and deliver ... source
code to RCL in an escrow account. However, TTI and RCL
did not enter any Escrow Agreement and the source code
26 TTI Team
only), to be held in escrow and released in the manner more specifically spelt out in the escrow agreement entered into by and between ... escrow with the escrow agent M/s DSK Legal, to be released in the manner set out more particularly in the said escrow agreement
achieved within a period of two months from the
date of escrow agreement. The escrow agreement would provide a charge on
recoverable of MPEB ... part of your
clainet that even after selection for escrow and providing escrow
agreement form they could not achieve financial closure till date
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
Escrow Bank. The
Escrow account will be operated by the Escrow Agent in accordance with the
terms and conditions of the Escrow Agreement."
This ... Escrow Bank. The Escrow Account will be
operated by the Escrow Agent in accordance with the terms and conditions of
the Escrow Agreement
deposit with KMPL and KMFL in an
Escrow account and, accordingly, assessee entered into two separate
Escrow agreements with KMPL and KMFL ... Part's right
over the Base Escrow Amount, the Additional Escrow Amount or the
Total Escrow Amount."
16. A reading of this paragraph
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
kept aside in Escrow with Escrow Agent namely Yes
Bank Ltd. in terms of Escrow Agreement entered to this effect. Out of the
Escrow amount ... crore would be released by the escrow agent to the selling promoters. A
separate escrow agreement was entered into between the sellers, the
buyers
