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Showing contexts for: paripassu in Avil Menezes vs Hinduja Leyland Finance Limited on 21 January, 2025Matching Fragments
Comp. App. (AT) (Ins.) No. 555 OF 2024
2) First Paripasu charge by way of hypothecation on the entire current assets present as well as Future of the Borrower such as stocks, all kinds of raw materials, stocks in process, finished and unfinished goods, (without prejudice to the generality of the foregoing words) and all allied and incidental products, machinery packing materials spare parts and stores of the Borrower and Loose tools (now stored or being stored in or which may hereafter from time to time be brought into or stored or be in or on any premises, warehouse, godowns, showrooms, offices, sales offices and/or any other place of steerage whatsoever at factory premises or wherever else the same may tie including any of the stocks and goods which may be in the course oil transit, otherwise or awaiting transit or otherwise, whether now belonging to or that may at any time during the continuance of this security belong to the Borrower or may be held by any party anywhere to the order or disposition of the Borrower and all the present and future book-debt, outstanding, moneys, receivables, claims and bills which are now due and owing or which may at any time hereafter during the continuance of this security becomes due or owing to the Borrower in the course \ of its business from any person, firm, company, body corporate or by any Government of India or any; and all any other charge over the movable and immovable properties of the Borrower remained to be mentioned here shall be treated as Member Banks are having first PariPassu Charge over the same.
3) First Paripassu charge being Primary Security by way of Hypothecation on the entire stocks of the inventory, Comp. App. (AT) (Ins.) No. 555 OF 2024 receivables, bills, and proceeds arising from / in connection with above securities, and all rights, title, interest, benefits, claims and demands whatsoever of the Borrower in, to or in respect of all the aforesaid assets, including but not limited to the Borrower's cash-in-hand, of the Borrower (Both present and Future).