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Clause 2.6.2 of the Share Pledge Agreement, in furtherance of pledged invocation the Corporate Debtor transferred 3912402331 shares owned by IPC L, in the Demat ... effecting sale, Regulation 58 provides for notice post invocation and on which invocation beneficial ownership of pledged shares changes from that of the pledgor

Approved Resolution Plan provides for the invocation and transfer of individual pledged shares by REC, which is undoubtedly the prerogative of REC, being the sole ... Plan does not stipulate that the invocation and transfer shall be made without regard to the underlying pledge Agreement. Further, the Approved Resolution Company Appeal

Infrastructure Leasing And Financial ... vs Union Of India & Ors on 12 March, 2020 NATIONAL