proviso to sub-section (1) of section 529 pari passu with such dues, shall be paid in priority to all other debts. (2) The debts
every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen to the extent of the workmen ... workmen's portion in his security, whichever is less, shall rank pari passu with the workmen's dues for the purposes of section
Government to introduce necessary legislation so legitimate dues of workers rank pari passu with secured creditors in the event of closure of the company
will be scheduled in such a manner that
their execution is pari-passu with the construction, failing which the
engineering works would be brought ... will ensure that environmental safeguard measures are planned and
implemented pari-passu with progress of work on project.
(ii) The detailed surveys' studies assured
every secured creditor shall be deemed to be
subject to a pari passu charge in favour of the workmen to the extent of
the workmen ... portion in his security, whichever is less,
shall rank pari passu with the workmen's dues for the purpose of section
shares, and the new
issue taken together, if the shares rank pari passu. When
they do not, the price may have to be adjusted either ... held that since the bonus shares in this case rank pari
passu with the old shares there is no difficulty in
spreading the original cost
Baroda, another secured creditor, who was also
entitled to payment pari passu with them. They undertook to pay over
the dues of the workmen ... Official
Liquidator who was a charge-holder and ranked pari passu with the
secured creditors, even if they stood outside the winding up. The
company
clause (iii) of the proviso to subsection (1) of section 325 pari passu with such dues, shall be paid in priority to all other debts
Particulars in case of series of debentures entitling holders pari passu .-
Where a series of debentures containing, or giving by reference to any other instrument ... benefit of which the debenture holders of that series are entitled pari passu is created by a company, it shall, for the purposes of section
Company Judge that claim of the workmen and secured creditors
stand pari passu and the Companies Act does not make any difference
between the mortgaged ... order
dated 28.11.2008 held that the workmen and secured creditors have pari
passu charge over the properties of the company as would be clear from