Raju Mathew and Ors. vs. State of Kerala and Ors.
[1 2016 BC 74 (KER.) Para 14]
Therefore, Impugned Order is predicated on the
unsolicited ... priority, but
instead of doing so put a halt to the second Swiss
Challenge Process.
(v) It is not true that the second Swiss Challenge
stake stake stake
Company Appeal (AT) (Insolvency) No. 260 of 2020
-8-
Priority Debt Rs. 150 Rs. 150 Rs. 150 Rs. 150
Crores Crores @ Crores ... first
7 years
Charge on Priority Pari- Pari- Pari-
fixed assets charge passu passu passu
for priority over charge charge charge
debt of Rs. fixed
Application No.
2357 of 2019 in Company Petition No. 1514/I&BC/NCLT/MB/MAH.2017. By
the operative part of the order ... under Section 53 of the I&B Code in order of priority prescribed
therein. The principal contention raised in the writ petition was that
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