October 2023 offered to pay the entire
outstanding amount.
2.18 Invocation of pledge was illegal and in breach of the terms of
9/63
::: Uploaded ... Share Pledge Agreement and
Pledge Power of Attorney executed in favour of Vistra (D3). There
is no infirmity in either invocation of the pledge
October 2023 offered to pay the entire
outstanding amount.
2.18 Invocation of pledge was illegal and in breach of the terms of
9/63
::: Uploaded ... Share Pledge Agreement and
Pledge Power of Attorney executed in favour of Vistra (D3). There
is no infirmity in either invocation of the pledge
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
secure the optimum
price of the pledged shares, after the invocation of pledge,
carries any substance in view of the rights of the pledgee,
recognized ... unconditional leave to defend the suit.
22. The ground of non-invocation of pledged shares at an
opportunate time so that the pledged shares could
SJ30-19INCOMSS779-19+.DOC
Defence based on non-invocation of pledged shares at an
opportunate time:
46. It is the case of the defendants that
SJ30-19INCOMSS779-19+.DOC
Defence based on non-invocation of pledged shares at an
opportunate time:
46. It is the case of the defendants that
SJ30-19INCOMSS779-19+.DOC
Defence based on non-invocation of pledged shares at an
opportunate time:
46. It is the case of the defendants that
SJ30-19INCOMSS779-19+.DOC
Defence based on non-invocation of pledged shares at an
opportunate time:
46. It is the case of the defendants that
Jalgaon Janta Sahakari Bank Ltd. And Anr vs Joint Commissioner Of Sales Tax Nodal 9
