emphasizes the fact that there is a qualitative
difference between the invocation of pledged securities and recall of
the loan facilities. The right to recall ... Gopal Jain, does
not dispute the fact that the invocation of the pledged securities was
for the same default which constitutes basis of the issuance
already informed that they have
issued LRM and has done pledge invocation. The company has
taken stay from high Court on the ground that
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
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
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
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
respondent
No.1 and, therefore, from the date of invocation of the said pledge, the
respondent No.1 became entitled to deal with the said ... October 2012. On 5 October 2012, soon after the invocation of the
pledge, the first respondent passed a Board resolution requesting
the second and third
Petitioner, today itself.
6. Mr. Nayar further explains that on invocation of pledge(s), certain
securities stood transferred in favour of the Respondent. To enable
loan advanced thereunder.
4. The impugned invocation of shares has apparently been effected
on the basis of a Pledge Agreement dated 27th May, 2021, whereunder ... Date:13.08.2021
15:54:01
basis of the aforesaid Pledge Agreement.
6. The impugned invocation has admittedly taken place in the
context of a loan
