endorsed by the company in favour of the Bank. 2. Negative lien on all fixed and liquid assets of the Company....
The Company hereby declares ... liens, such as the common law lien of a solicitor. Such exceptional liens apart, the general rule may be stated to be that a lien
available to him.
Accordingly, he executed a letter of undertaking with Negative
Lien and creation of mortgage dated 21st April, 2020 (for short ... Negative Lien Letter") in respect of his and second
defendant's sixteen immovable properties situated in Bengaluru
and Mangaluru etc., along with other
right in
holding that the fee for the negative lien issued
by the instant assessee, which is in the nature of
corporate guarantee, should ... right in
arriving at the 0.25% rate of fee for the negative
lien issued by the instant assessee, which is in
the nature of corporate
consideration, the
assessee entered into an international transaction of provision of negative
lien on receivables and participating interest (PI) on the oil and gas
blocks ... corporate
guarantee provided by JEEVPL, JOGPL (assessee herein) also provided a
negative lien on all receivables and PI on all oil and gas blocks held
Corporate Guarantee in favour of the
lenders and also create negative lien on the Respondent's property situated
at Visa House, Alipor Road, Kolkata ... corporate guarantee in favour of the lenders and create a
negative lien on the Respondent's property situated at 'Visa House, Alipor
Road
Iqbal Singh, Sr. Manager, P&SB has stated that
under negative lien the bank does not have the right to retain the
assets ... Malviya Nagar is on GPA hence as per their directions
negative lien was obtained.
15 It is stated by accused Jeevan Khanna that all loan
account of
fees receivable for providing negative lien.
10. Rival contentions have been heard and record perused. Facts in
brief are that during the relevant ... assessee that the assessee has
provided a negative lien i.e. it has agreed not to sell 49% of its stake in
Essar Logistics
corporate guarantee in favour of the lenders and also create
negative lien on the Respondent's property situated at "Visa House" Kolkata ... Company Appeal (AT) (Insolvency) No. 179 of 2019
6
also create negative lien on the Respondent's property situated at "Visa House
plea of inability to create equitable mortgage on
account of negative lien in favour of GIIC has been rejected as no
negative lien was found ... residential property, inability to create
equitable mortgage on account of negative lien in favour of GIIC
(negative lien not having been found), all stand rejected
Respondent No.8 - Society, informing
them that there was a 'negative lien' on the Suit Property (basis
the said undertaking) and Respondent ... claim on the
Suit Property in the form of the 'negative lien'.
(xviii) Pursuant to this Recovery Certificate, Respondent No. 1
- Bank initiated
