There is no doubt that
an Escrow Arrangement was agreed to between the parties and
the Joint Escrow Agents were entrusted with certain specific
functions ... agreement, thereby triggering the Escrow
Arrangement, was to be independently decided by the Joint
Escrow Agents. It was also specified that the Joint Escrow
Agents
seeking interim relief against the respondent, his wife, and the
escrow agent. The appellant claimed that the amount should not be
released to the respondent ... Supreme Court of India. It
was further directed that the escrow agent would hand over the cheque
for US$ 1.5 million only after the direction
arbitrators, Mr. K. Sudhakar Rao and Mr.
Gone Prakash Rao, are escrow agents who have with them the
custody of three sets of documents ... done, then
a “decision” is to be taken by the escrow agents as to what to
do next.
7) Mr. Sibal also pointed out that
Renusagar Power Company Ltd vs General Electric Company And Anr on 16 August, 1984
Equivalent
this behalf and the State Bank of India, Bombay, as joint escrow-agents the share-holdings comprising of 1,65,84,750 shares ... Capital Corporation Ltd. and the State Bank of India as joint escrow-agents shall between themselves decide upon the procedure and modalities of holding dealing
favour of
the claimant and presently under the custody of the escrow agent,
HDFC, Bangalore.
I) directing the respondents to pay the costs
deal with it had virtually fallen through as
informed to the escrow agent. The fact that a draft MoU christened
as ‘finalfor discussion
this extended period since 9 September 2019
RMGL/RMGSL will act as agents of HSVP, RMGL and
RMGSL will be responsible for all liabilities arising ... debt due’ so determined shall be,
deposited in the escrow account inter alia in terms of the
Concession Agreement Escrow Agreement and
Substitution Agreement
ordered.
That Attorney William Taylor is hereby appointed
as escrow agent pursuant to Exhibit C to the
Motion for Order (Tab 3 of Exhibit ... Respondent deposited an amount of USD
25,000 in an Escrow Account to ensure compliance
with the payment terms. This account would be
operated
ordered.
6. That Attorney William Taylor is hereby appointed as escrow agent
pursuant to Exhibit C to the Motion for Order (Tab 3 of Exhibit
