ECL Finance Limited

SAT-appeal

• Dispute over freezing of demat account and whether valid pledge/securities interest was created for lender to realize shares to recover dues.
  Set aside impugned SEBI order and allow appeal with no order as to costs · Unfreeze respondent no. 2 demat account with DP for limited transfer to appellant
  Appeal: Appeal No. 14 of 2012 decided on 29.02.2012 - allowed as above
• Dispute over frozen demat account and whether a valid pledge/security interest was created allowing lender to realize outstanding dues by sale of shares.
  Impugned SEBI order set aside following earlier Tribunal order · Demat account of Mentor Capital with DP unfrozen for limited purpose of transfer to ECL Finance
  Appeal: Appeal No. 13 of 2012 allowed on 29.02.2012 with no order as to costs