pari-passu charge for both of them, in respect of the term loans
sanctioned by them; that a second charge was ceded in favour ... India. Even in the said
meeting, the question whether first charge was ceded to ING Vysya
Bank for the term loan, became a contentious issue
Board and further stated that there should be ceding of charge by the State Bank of India on the circles which were to be allotted ... asked for more details and a letter from SBI agreeing to cede charge in favour of lenders. By letter dated 26-10-1998 the Board
deed etc.
made it mandatory for the claimant Board to cede pari
passu charge on the properties of the respondent No.1
with other financial ... both the claimant and the IDBI were not agreeable to
cede pari passu charge of the Axis bank to secure the
additional loan
letter dated 19.03.1998/Mark D21
(Ex. PW12/F) for ceding second charge. PW5 testified in cross
that NOC used to be issued ... seeking permission of IDBI of NHB for ceding second charge in
favour of AHB.
43. She further submitted that in pursuant to criminal
conspiracy hatched
financial asset by secured creditors. Therefore, the cases of subsequent ceding charge on pari passu basis also would not fall under Section ... respondent No. 3 had accordingly given letter Dated 12th January, 2000 ceding the charge in its favour But it is to be seen that
submitted that such
assignment was on 07.03.2014 after ceding pari passu charge qua the
property, which is subject matter of the instant applications ... letter dated 29.04.2009 (plaint document No.1)
captioned 'LETTER CEDING PARI PASSU CHARGE', wherein
and whereby first defendant in its capacity as lead
pari passu charge ceded by Andhra Bank. Properties figuring as Serial
Nos.1 and 2 are subject matter of one of the two captioned applications
letter dated 29.04.2009 (plaint document
No.1) captioned 'LETTER CEDING PARI PASSU CHARGE', wherein and
http://www.judis.nic.in
4
whereby first ... defendant in its capacity as lead bank of the consortium, ceded
pari passu charge in favour of plaintiff.
(c) Thereafter, plaintiff on 07.05.2009 lent
issued a letter
dated 4th February, 2010 ceding pari-pasu charge in favour
of the assignor bank no. 2. The principal borrower had
since made ... terms
whereof, the assignor bank no. 2 agreed to cede charge on
pari-pasu basis in favour of the assignor bank
issued a letter
dated 4th February, 2010 ceding pari-pasu charge in favour
of the assignor bank no. 2. The principal borrower had
since made ... terms
whereof, the assignor bank no. 2 agreed to cede charge on
pari-pasu basis in favour of the assignor bank
