event of default notice dated 23 rd July, 2019, pledge Invocation
Notice dated 20th August, 2020 and all ancillary/ incidental
correspondence issued in furtherance thereof
indeed an
invocation of a pledge. Whether or not there is a realization
pursuant to that pledge invocation is entirely immaterial. The
Petitioner cannot possibly
This court noted that the plaintiff as pledgeE/pawnee, on
invocation of pledge and on transfer of the pledged shares from the account ... defence of the defendants, that the plaintiff as pledge/pawnee,
on invocation of pledge-and on transfer of the pledged shares
from the account
said agreement and took step to
realize the loan amount by invocation of pledges. The
opposite party No.2 thereafter filed a Suit for declaration ... petitioners are trying to misappropriate such huge amount
of money by invocation of pledge.
Having heard the learned Advocate for the
petitioners and the private
that there is a need to prevent further action on the pledge - its
invocation or the appropriation of the Shares pending arbitration.
Option vs. Obligation ... inexplicable pledge in favour of Baxi. No further action shall be
taken on the Shares so pledged whether by way of invocation of the pledge
Pledged Shares does
appear to be at an under-value.
....
51. Indiabulls is not required to repeatedly invoke the
pledge in respect of the Pledged ... Signing Date:06.12.2022
09:54:56
pledge of the Pledged Shares in terms of the Sale Notice.
The invocation of pledge cannot be made
facie finding
and provide some reason as to why the invocation of the pledge deserved to
Signature Not Verified
Digitally Signed By:AWANISH
CHANDRA MISHRA ... counsels for the appellant have submitted
before us that the invocation of the pledge of shares will be undertaken in a
completely transparent manner
summary
decree against respondent company. Mr. Khandeparkar submitted that the
invocation of pledge was post the decree and hence his case is that the
decree ... petitioner with Axis Bank Limited.
Also annexed is, a copy of invocation of pledge form dated 12 th November
2013 filed by petitioner with Axis
summary
decree against respondent company. Mr. Khandeparkar submitted that the
invocation of pledge was post the decree and hence his case is that the
decree ... petitioner with Axis Bank Limited.
Also annexed is, a copy of invocation of pledge form dated 12 th November
2013 filed by petitioner with Axis
Restrain the Respondent No.1 from acting on the Pledge
Invocation Notice against the Petitioner, including from
invoking the pledge and / or selling the pledge ... also states that till the next date of hearing, the Pledge Invocation
Notice dated June 12, 2020 shall not be acted upon. The statement
