that respondent No.2 has
acted upon by reversing the share pledge invocation transactions.
However, the fact remains that since 2005 Respondent
were pledged in favour of Appellant in 2014 itself and
that, subsequently, vide the impugned 2016 Pledge Agreement, the CD
pledged the remaining 15% shares ... make any
reference to the Alleged 2014 Pledge Agreement either in the pledge
invocation letter or in its Claim Dorm and only relied upon
that respondent No.2 has
acted upon by reversing the share pledge invocation transactions.
However, the fact remains that since 2005 Respondent
claim of the
Appellant on the ground that on invocation of the Pledged
Shares, the Appellant had become beneficiary owner of the
Pledged Shares ... Pledged Shares on
17.06.2019 and perfected its title to the Pledged Shares by registering itself
as beneficial owner in respect of the Pledged Shares
over by the
Resolution Plan and further that the transaction of invocation of pledge and
subsequent sale by the 2nd Respondent is a fraudulent ... points out that the
Resolution Professional had acknowledged the invocation of the Pledge by the
2nd Respondent and that appropriation of the Pledged Shares
over by the
Resolution Plan and further that the transaction of invocation of pledge and
subsequent sale by the 2nd Respondent is a fraudulent ... points out that the
Resolution Professional had acknowledged the invocation of the Pledge by the
2nd Respondent and that appropriation of the Pledged Shares
pledge and claims control of SGAH and consequently
SACL as well. The ABT-UK who pledged its shares with
Aapico has challenged the invocation ... Share Charge
Agreement, therefore, the Petitioner therein cannot question the invocation of
pledge by Aapico. Due to defaults of the loan
pledge and claims control of SGAH and consequently
SACL as well. The ABT-UK who pledged its shares with
Aapico has challenged the invocation ... Share Charge
Agreement, therefore, the Petitioner therein cannot question the invocation of
pledge by Aapico. Due to defaults of the loan
Tribunal has already been initiated on the basis of invocation of the
Guarantee and Pledge Shares, hence, the liability is imminent and claim ... payment has been made by the Appellant(s) (Promoter
Guarantors) towards invocation of Securities cannot be a ground for
rejection of the claim
further submitted that as on the date of invocation, the price of
pledged shares, according to the date available and procured from the official
website ... Price on Share on Value of Share on
Pledged Pledged the date of the date of
Invocation (in Rs.) Invocation
SABTNL