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JYOTI SINGH
K. L. Enterprises Llp – Appellant
Versus
Bajaj Finance Limited – Respondent
| Table of Content |
|---|
| 1. overview of petitioners' business and loan obligations. (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. impact of covid-19 on petitioners' financial obligations. (Para 7 , 8 , 9 , 10 , 11 , 12) |
| 3. arguments regarding legal obligations and financial regulations during pandemic. (Para 20 , 21 , 22 , 23 , 24 , 25) |
| 4. discussion on the invocation of pledge and notice requirements. (Para 39 , 40 , 41 , 42) |
| 5. court's conclusions on obligations and consent order enforceability. (Para 58 , 60 , 62 , 78 , 82) |
JUDGMENT
Jyoti Singh, J. - Present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the "Act") seeking directions to restrain the Respondent and/or any person claiming through and/or under it, from selling/transferring/alienating and/or encumbering and/or creating any third party rights in respect of the shares of Petitioner Nos. 1 to 5, pledged in favour of the Respondent as security for a loan taken by Petitioner No. 1.
2. Case as set out by the Petitioners is that Petitioner No. 1 is a Limited Liability Partnership Firm engaged inter alia in the business of investment including advisory services in wealth management. P
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