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Indian Laws - Highlights / Catch Notes

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Pledge of shares - whether the accused No.1 Company was entitled ...


Company's Right to Invoke Share Pledge on Default Upheld; Complaint Lacks Grounds for Alleged Offense.

May 1, 2023

Case Laws     Indian Laws     SC

Pledge of shares - whether the accused No.1 Company was entitled to invoke the pledge at any time in the event of default or not? - It is found that the complaint, taken at its face value, does not disclose that any of the ingredients of the offence complained of have been made out. - SC

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