paid
to the complainant and deposited the same with an escrow agent as
agreed between the parties. That in terms of the said addendum ... favour of the complainant and deposited
the cheques with the escrow agent. That the accused issued (a)
cheque No.121260 drawn on ICICI bank, Malleshwaram
3445/2019
SCCH-26
complainant and deposited the same with an escrow agent as agreed between
the parties. That in terms of the said addendum ... took any legal action till date against escrow for keeping share
purchase agreement with possession of escrow agent. Further PW1 clearly
admitted that
security but terms of escrow
supra . Further stated that so long as the complainant has acted
as an escrow agent and having received the said ... Held - Escrow arrangement-
Agreement to purchase Hotel property- Default triggering
agreement to be decided by Escrow agent jointly except on
ground of bias of escrow
Cheques shown in
Annexure-E, as security in escrow with Chartered Accountant/Escrow
agent who was introduced to the Pebble by the real estate agent ... Pebble agreed to deposit 10 Cheques as security in escrow with Chartered
Accountant/Escrow Agent. The said Chartered Accountant, at the instance
of Real Estate
same was duly
acknowledged by Respondent No.1 and the Escrow agent. Upon
deposit of original title documents and other documents with the
consent ... Respondent No.2 and having received the cheque from
Escrow Agent, Respondent No.1 had addressed email dated
21.02.2012 confirming the same to Respondent
same was duly
acknowledged by Respondent No.1 and the Escrow agent. Upon
deposit of original title documents and other documents with the
consent ... Respondent No.2 and having received the cheque from
Escrow Agent, Respondent No.1 had addressed email dated
21.02.2012 confirming the same to Respondent
paid to the complainant and deposited
the same with an escrow agent as agreed between the parties.
In terms of the said addendum, the promoter ... favour of
the complainant and deposited the cheques with the escrow agent.
The accused issued 5 cheques bearing No.121260 for Rs.20 lakhs,
cheque
custody of one Mr. Ajesh Kumar, AKS Law Associates, the
escrow agent, with a specific understanding that the said
cheques would not be delivered ... Those cheques were in the custody of Mr. Ajesh
Kumar, an escrow agent. Thereafter sale deed dtd: 3.2.2011
executed by 9 persons including the plaintiff
schedule property and
start the construction activities. Escrow agreement
dated, 3.12.2007, appointing HDFC Ltd., as Escrow Agent,
and the applicant No.1 deposited ... with the said Escrow Agent. The escrow
agreement was valid for a period of 3 months. Before the
expiry of the first Escrow Agreement
complainant company i.e.,
Raghunath and the said Raghunath was the Escrow Agent
between the accused and the complainant. The
complainant mis-used the cheques ... transaction with one
Venkatesh and the complainant was a escrow agent.
Thereby, the issuance of the cheque for some financial
transaction is admitted
