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M/S Daiichi Sankyo Company Limited vs Oscar Investments Limited on 22 September, 2022 Author

this Clause 3.9(a)(vi)(D) including pursuant to the invocation of pledge or imposition of any liability, penalty, cost on RSL due to such ... Pledge Agreement dated 19 March 2018 and notice of invocation of Security under the pledge agreement Dear Sir, 1. This notice (Notice) is in reference

Pledge Agreement reads as under: "1.7 During the continuance of the Pledge hereby created all voting rights in respect of the Pledged Securities shall ... fact sold the pledged security and realized the value thereof. A mere stipulation in the agreement of pledge that after the invocation of the Vishal

borrower. 39. Even the consequences which would emanate after the invocation of pledge and sale of the shares have been distinctly provided for. In Clause ... coextensive and coexistent with the liability under the agreement. Even after invocation of pledge, the defendant No.1 continued to be liable to make

10089-2020.DOC restraining IFIN from acting in furtherance of a pledge invocation notice of 20th August 2020. 3. The background to the Petition ... crores to Champion Agro World. This facility was secured by a pledge of 52,86,679 shares -- 60.7% of the share capital of Champion Agro

emphasizes the fact that there is a qualitative difference between the invocation of pledged securities and recall of the loan facilities. The right to recall ... Gopal Jain, does not dispute the fact that the invocation of the pledged securities was for the same default which constitutes basis of the issuance

intended to invoke only the shares pledged vide the unattested pledge agreement dated 27.12.2019. Nowhere in the Invocation of Pledge Notice dated ... been aware of this position on 22.05.2020 when it sent its Invocation of Pledge Notice. This, in turn, would have found a mention

October 2012. On 5 October 2012, soon after the invocation of the pledge, the first respondent passed a Board resolution requesting the second and third ... under Regulation 58(8) of the Depositories Regulations, on the invocation of the pledge, the depository is liable to register the pledgee as beneficial owner

date of creation of pledge on shares of that company held by him, inform the details of such pledge of shares to that company ... date of invocation of pledge on shares of that company pledged by him, inform the details of invocation of such pledge to that company. Explanation

that respondent No.2 has acted upon by reversing the share pledge invocation transactions. However, the fact remains that since 2005 Respondent