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.

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This article was originally published in the 11th March 2019 edition of Business Standard

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.