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7 To secure the aforesaid Facility Agreement, the Respondent Company also executed (i) a Pledge Agreement dated 16 September, 2009 pledging its 26 % shareholding in its subsidiary Reid and Taylor (India) Ltd., (ii) a Deed of Hypothecation dated 16 Pg 5 of 35 ICICI BANK 902.cp.511.2014.doc September, 2009 creating a first paripassu charge over its fixed assets and second paripassu charge over its current assets in respect of movable properties of the Company and (iii) a memorandum of entry dated 18 September, 2009 creating a first paripassu charge in respect of all its immovable properties. To secure the Petitioner, the subsidiary of the Respondent, namely, Reid and Taylor (India) Ltd., also executed a corporate guarantee dated 16 September 2009, a declaration dated 17 September, 2009 and a memorandum of entry dated 18 September, 2009 to create a first paripassu charge over its immovable properties and a Deed of Hypothecation dated 16 September, 2009 creating a first paripassu charge over its fixed assets and second paripassu charge over its current assets in favour of the Petitioner.