INTRODUCTION This case is one of the landmark cases of Supreme court that helps understand the harmony between the law relation to depository participants and pledge under Indian Contract Act, 1827. It overruled the decision of National Company Law Tribunal and Appellate Tribunal
FACTS The facts of the case are, PTC India Financial Services Ltd. (PIFSL), is a Non-Banking Financial Company which entered in a bridge loan agreement with NSL Nagapatnam Power and Infratech ltd. the agreement was to lend money to the latter. Mandava Holdings Private. Ltd. is promoter of the borrower company and NSL Energy Private …























































