project currently named as
"Monticello", from the Escrow Agent appointed by the
parties;
(c) Restrain the Respondents from acting upon ... Material on record also discloses that
vide Letter dated 07.12.2021, an Escrow Agent was appointed.
5. It is the case of the Petitioner that
only a pro forma party as it is an
escrow agent appointed under the above-mentioned Agreement.
14. As the learned counsel for the defendant ... stated to be holding these shares as
an escrow agent. The defendant no.4 shall equally remain restrained in
dealing with the said shares held
enter into the Escrow Agreement to establish
special purpose no-lien accounts, viz., Escrow Account and
Retention Accounts with the Escrow Agent and make firm ... Proceeds to the
credit of the said Escrow Account and (ii) for transfer by the
Escrow Agent of the proceeds of the Escrow Account into
were hypothecated with the petitioner, by way
of a security. Further, an Escrow account was required to be
established, in which the respondents were ... Escrow Agreement was executed, between the petitioner,
Respondent No. 1, Respondent No. 3, and Punjab National
Bank, being the Escrow Agent, with whom an Escrow
restrained
the respondent herein from receiving the amount
deposited with the escrow agent. The aid order was
challenged by the respondent along with Deepak
Marda ... entered
between the parties that the amount lying with the
escrow agent would be released to the respondent and
Deepak Marda which would be deposited
defendant No. 1 through defendant No.2 was
appointed as an Escrow agent to act as a Trustee of the plaintiff to keep in
Trust
restrained the
respondent herein from receiving the amount deposited with
the escrow agent. The aid order was challenged by the
respondent along with Deepak Marda ... entered between the parties that the amount
lying with the escrow agent would be released to the
respondent and Deepak Marda which would be deposited
documents were
executed between the parties and were lying with the Escrow Agent
with the condition that these documents would remain with the
Escrow Agent
respondent no.2, which are placed with an
escrow agent, but has rejected its prayer for directing that status quo be
maintained regarding the subject
Escrow agreement, cheques payable to different persons (
shareholders) of the Dalmia family were deposited with the Escrow
agent (HSBC) and there were only two cheques
