https://www.taxtmi.com/caselaws?id=270252 The court found that the Non-Disposal Agreement (NDA) shares were intended to secure the appellants' recompense claim under the Loan Purchase Agreement (LPA). The court concluded that the recompense claim was capable of being collateralized and that the NDA shares were not solely for the top-up obligation under the LPA. As a result, the court set aside the previous order and allowed the appeals, maintaining the status quo until a specified date for the respondents to seek further orders. en-us Thu, 03 Dec 2015 00:00:00 +0530 Sat, 02 Jan 2016 10:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270252 The court found that the Non-Disposal Agreement (NDA) shares were intended to secure the appellants' recompense claim under the Loan Purchase Agreement (LPA). The court concluded that the recompense claim was capable of being collateralized and that the NDA shares were not solely for the top-up obligation under the LPA. As a result, the court set aside the previous order and allowed the appeals, maintaining the status quo until a specified date for the respondents to seek further orders. Case-Laws Companies Law Thu, 03 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270252