subject to the
provisions of the pledge document‖ , ―invoke the pledge‖ and
mandates the depository to ―on such invocation‖ i.e. by the pledgee,
―register ... effecting sale, Regulation 58
provides for notice post invocation and on which invocation beneficial
ownership of pledged shares changes from that of the pledgor
Consequence of Invocation:
3.2.1 Irrespective of anything contained in this Agreement, on
invocation of pledge, the shares comprised in the Collateral will
not become ... effecting sale,
Regulation 58 provides for notice post invocation and on which
invocation beneficial ownership of pledged shares changes from that
of the pledgor
account of
any invocation/ enforcement of such guarantee or security provided, as the case
may be (including the invocation of pledge over shares of Electrosteel ... consideration the pledge invocation notices all dated
27th July, 2018 cannot be invoked and enforced.
The invocation of the share pledge agreement was for realization
Petitioner and its supporters is based on illegal invocation of the pledged
shares. They claimed that the shareholding of the Petitioner is zero. The
Petitioner ... findings arrived by this Tribunal
(1) There is no valid invocation of pledge of shares and
transfer of shares do not take place
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
identical facts involving similar issue the pledge invocation notices have
been set aside. Accordingly, in the instant case, for the same reason the pledge
invocation
open offer under regulation 11 of SAST
Regulations, 2011 prior to invocation of pledge nor
the appellant had made public announcement of open
offer ... regulation 10(1)(b)(viii) relating to acquisition of shares on
invocation of pledge, would not be applicable to the appellant, because,
the appellant
This is an application by the pledgor challenging the notice for invocation
of pledge under the share pledge agreement dated 24th November, 2014. The
defendant ... amount which shall
forthwith become payable by the borrower. The notice invoking pledge refers to
the earlier recall notice dated 25th February, 2018 which admittedly
gain/loss arising from
sale of shares by the lenders on invocation of pledged shares and
4
ITA No. 1529/MUM/2017
Assessment Year
