2018 (10) TMI 1934

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...., Sr. Adv. with Mr. Amit Singh Chauhan 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 ....

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....alienating any of their assets, shares, properties (movable and 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 cr....

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....ojects across India. Wafra and SARE Public had also executed a secured 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 bar....

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....is also placed on clause 12 which states that so long as the Bond remains 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 b....