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TMI Blog2018 (10) TMI 1934X X X X Extracts X X X X X X X X Extracts X X X X ..... uhan and Ms. Priya Singh, Advs. For the Respondent : None. ORDER IA No.14242-14243/2018 Exemption allowed, subject to all just exceptions. Applications stand disposed of. IA 14240/2018 This application is filed under Order 2 Rule 2 CPC seeking liberty to seek any additional relief and/or to file and institute any other proceedings that may be permissible under law against the defendants. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd immovable) in any manner whatsoever without obtaining the prior written permission of the Receiver of the plaintiff. Other connected reliefs are also sought. The suit is filed seeking a decree of declaration that all the securities and documents, power of attorneys, non-disposable undertakings, charge on assets etc. sought to be created by the defendants No.1 to 15 in favour of defendants No.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cured convertible bond purchase agreement dated 28.4.2011, pursuant to which Wafra had purchased SARE Public's Series A Secured Convertible Bonds subject to terms and conditions of the purchase agreement. It is further pleaded that by virtue of Purchase Agreement SARE Group i.e. SARE Public and its subsidiaries were categorically barred from creating any lien/pledge/encumbrance/charge and any thir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... emains outstanding the issuer shall cause each of its Subsidiaries not to directly or indirectly create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues etc. It is also pointed out that this agreement is signed on behalf of the subsidiaries. It is pleaded that a Facility Agreement has now been executed on 14.5.2018 by defendant No.3/ SARE Gurugram Private Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rained from giving effect to the Facility Agreement dated 14.5.2018 to the extent of their taking lien charge, security, mortgage or pledge of any of the assets of defendants No.1 to 15 till the next date of hearing. Plaintiff to comply with provisions of Order 39 Rule 3 CPC within three days. A copy of the order be given dasti under signatures of the Court Master to learned counsel for the plai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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