JSA Prism | Banking & Finance | July 2022

Bombay High Court upholds a pledgee’s right to vote on pledged shares

In a recent judgment, the Bombay High Court has recognised the right of a pledgee/lender (as the nominee or transferee of the pledgee) to exercise its voting rights in respect of pledged shares as a beneficial owner during the continuation of an event of default.

To read further details, please refer to the below document.

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