Private Debt Hotline March 20, 2019

Pledging of shares: Do lenders need to rethink their strategy?


This article was originally published in the 11th March 2019 edition of


Summary:

In this article we discuss the recent issues that has come to light in respect of pledging of shares. We cover aspects relating to challenges faced by lenders in invocation and their right to invoke. We also discuss how Depositories Act has changed the scheme in which pledge operated under contract law in case of listed shares.

 

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Mohammad Kamran & Ruchir Sinha

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