considered: Provided also that any proceeds arising out of exercise of put option, tenure or asset switch or trade of any asset before maturity
Put Notice before
31.09.2013, the investor, i.e., respondent No.1 shall be deemed to have been
issued the Put Notice exercising its Put Option ... part of the
put consideration payable to the respondent No.1 on its exercise of the Put
Option under Clause 14.1. It is pointed
Cruz City was entitled to
exercise a 'put option' and call upon Arsanovia and Burley, to purchase all
equity shares of Kerrush, issued ... Cruz City all
amounts payable upon exercise of the put option by Cruz City as
contemplated under clauses
year: 2012-13
Page 5 of 161
mechanism of call and put options, under Framework Agreements, and, once it came to the
light, tax implications ... various events associated with these call and put options also came
up under scrutiny by the tax officials. A case was made out, unsuccessfully though
Kotak Mahindra's shareholding in McNally Bharat (a
'put option'); (3) the put option, if exercised, required Williamson
Magor to take ... documentedd
5. To give efect to this agreement and the put option,
Williamson Magor and Kotak Mahindra entered into an agreement
dated 12th April 2018d
supposed to enter into Put/Call arrangement for sale of the
CCPS/CCDs with a Reliance (MDA) group company (Put Option
Obligor). The Put Option ... turn would provide Credit
Support for meeting its obligations under the Put Option to the SPV by
way of a Non-Disposable Undertaking
before this Court, to contend
that Aperam Stainless had exercised the Put Option pursuant to the JV
Agreement; (xv) that misrepresentation qua valuation of shares ... same was to stand terminated
automatically upon Aperam Stainless exercising the Put Option or
Jindal exercising the Call Option; (xvii) attention is invited to Article
seven days from the date of
receipt of Put Notice that the Put Option exercise price (as specified in the
amended SHA) would be deposited ... Put notice. Within 60 days from the
date of the Put Notice, the Promoters and/or the Company
shall make payment of the Put Option
reason
whatsoever.
5. Clause 5.2 of the RSHA, embodied "Put Option Rights". Clause 5.2.1
stated that in the event the conditions subsequent were ... option by the Respondents. With the
FAO(OS)(COMM) 53/2017 Page 15 of 25
Respondents not exercising the option of the "put option
Vatika an option (the "Call Option") to
acquire all, but not less than all, the Investor Securities
(the "Call Option Securities ... purchase price of the Call Option Securities (the
"Call Option Purchase Price"):
(i) if the Call Option is exercised on or prior