created appointing Escrow Holders. The Defendant Nos.1 & 2 were
appointed as the Escrow Holders in terms of the Escrow Agreement
dated ... then the escrow amount
shall be kept deposited with the Escrow Holders. By no stretch of imagination Clause
6 of the Escrow Agreement convey
transfer
agreement dated September 12, 2014 contemplated an escrow, though
it also contemplated that an escrow agreement be executed.
5. Pursuant to and in terms ... share transfer
agreement. Arbitration agreement undoubtedly exists in the share
transfer agreement and, therefore, in our view, share transfer
agreement and the escrow agreement satisfied
transfer
agreement dated September 12, 2014 contemplated an escrow, though
it also contemplated that an escrow agreement be executed.
5. Pursuant to and in terms ... share transfer
agreement. Arbitration agreement undoubtedly exists in the share
transfer agreement and, therefore, in our view, share transfer
agreement and the escrow agreement satisfied
Escrow Account. The monies
deposited/ to be deposited in the Escrow Account shall be utilised only
in accordance with the Escrow Agreement. The monies deposited ... accordance with this
Agreement), the Master Lease Agreement (if not paid in accordance
with the Master Lease Agreement), the LPIN Agreement in the following
order
between the Transferors and Transferees. The agreements included i)
Share Purchase Agreement, ii) Supplemental Agreement and iii) an Escrow
Agreement.
8. Under the Share Purchase ... appointment of an Escrow
Holder who would hold the share certificates in trust till completion of the
transaction. The said Escrow agreement provided that
between the Transferors and Transferees. The agreements included i)
Share Purchase Agreement, ii) Supplemental Agreement and iii) an Escrow
Agreement.
8. Under the Share Purchase ... appointment of an Escrow
Holder who would hold the share certificates in trust till completion of the
transaction. The said Escrow agreement provided that
Banerji, learned senior counsel representing the
plaintiffs has referred to the escrow agreement in which the
plaintiffs, Orbit and Damani have been referred ... held by the escrow agent. Mr. Banerjee refers to
Clauses 5 and 7 of the escrow agreement and submits that on
successful completion
respondent no.13'].
8. The SPA was complemented by an Escrow Agreement signed by the
same parties and on the same day, laying down ... shares pursuant to the
Page 7 of 35
SPA and Escrow Agreement. Thus, respondent nos. 1-12 were
unwilling to transfer shares to the petitioner
separate bank
account and by not depositing the proceeds in the escrow agreement.
29. Claim (g) was for refund on account of land advance ... August 3,
2011, the Corporation and the Claimant entered into an Escrow Agreement
recording the terms and conditions under which the State Bank of India
separate bank
account and by not depositing the proceeds in the escrow agreement.
29. Claim (g) was for refund on account of land advance ... August 3,
2011, the Corporation and the Claimant entered into an Escrow Agreement
recording the terms and conditions under which the State Bank of India
