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.

 

For complete article, please click here.

 

– Mohammad Kamran & Ruchir Sinha

You can direct your queries or comments to the authors

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.

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.

 

For complete article, please click here.

 

– Mohammad Kamran & Ruchir Sinha

You can direct your queries or comments to the authors

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.