Indian Kanoon - Search engine for Indian Law

M/S Daiichi Sankyo Company Limited vs Oscar Investments Limited on 22 September, 2022 Author

this Clause 3.9(a)(vi)(D) including pursuant to the invocation of pledge or imposition of any liability, penalty, cost on RSL due to such ... Pledge Agreement dated 19 March 2018 and notice of invocation of Security under the pledge agreement Dear Sir, 1. This notice (Notice) is in reference

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

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

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

second set of the BTL pledged shares (hereinafter referred to as "New BTL pledged 4 shares") were pledged by the plaintiff in favour ... petitioner submits that the basis of the notice of invocation and sale of pledged shares is default in payment. Such alleged default in payment

Bank from selling the pledged 30% of promoters' shares which have been Pledged vide Share Pledge Agreement Dated 07.07.2021 in the open market ... pledgee is entitled to invoke the pledge in terms of the provisions of the pledge document. Further, upon invocation, the depository would register the pledgee

said agreement and took step to realize the loan amount by invocation of pledges. The opposite party No.2 thereafter filed a Suit for declaration ... petitioners are trying to misappropriate such huge amount of money by invocation of pledge. Having heard the learned Advocate for the petitioners and the private

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