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Showing contexts for: paripassu in Export-Import Bank Of India & Ors vs Maneesh Pharmaceuticals Ltd on 9 May, 2023Matching Fragments
3. Subsequently, the part of commitment of Barclays Bank PLC (as the Lender) was transferred to Union Bank of India, Hong Kong vide transfer certificate dated 03.11.2008. Therefore, Union Bank of India also joined with other lenders in filing the Company Petition in its capacity as the Financial Creditor.
Company Appeal (AT) (Ins.) No. 579 of 2022
4. The term loan extended vide facility agreement was secured by way of "(a) 2 (two) Deeds of Hypothecation both dated 3rd June 2008 bywhich the Respondent hypothecated its present and futuremovable assets in favour of IL&FS Trust Company Limited, theOnshore Security Trustee of the Appellants ("Onshore SecurityTrustee").(b) Share Pledge Agreement dated 3rd June 2018 by which the sharesof the Respondent Company held by its Managing Director, Mr.Vinay Sapte were pledged in favour of the Onshore SecurityTrustee;(c) Memorandum of Mortgage by Deposit of Title Deeds dated 26thMarch 2010 ("Mortgage Deed") by which a first priority paripassu charge by way of equitable mortgage was created by theRespondent in favour of the Onshore Security Trustee".