notice reads thus:
"we refer to the pari passu deed. Words defined in the pari
passu deed shall have the same meanings when used ... Lender A Loan Agreements and
the Lender B Loan Agreement, and "Loan Agreement" means
any of them.
"Pari Passu" means
other financial institutions with whom the plaintiffs have a pari passu agreement, whereby they have agreed inter se that their respective rights with regard ... file the suit in this court on the basis that the pari passu agreement between the plaintiffs and defendants
Bank) and created a pari-passu charge in
favour of both of them, over certain immovable properties. A pari-passu
agreement was entered between ... respondent, for creating a first pari-passu charge in favour of the
petitioner. Admittedly, no pari-passu agreement was entered into
between the petitioner
observations were made for sharing of the proceeds as per the Pari Passu
Agreement. The said order dated 09.01.2012 was the subject matter of
challenge ... decree. He
has brought the attention of this Court to the Pari Passu Agreement, as per
Page No.# 6/11
which the sharing pattern
appellant that with regard to the A-Schedule there is pari passu agreement and with regard to the B-Schedule Item No. 1 there ... pari passu agreement and in respect of Item No. 2 of B-Schedule the 1 Oth defendant has the first charge and the 1st respondent
over the assets in their favour. The appellant merely relied on pari passu agreement with Canara Bank and it expected the official liquidator to draw ... under its supervision."
18. Therefore, unless and until the pari passu agreement between SFC and Canara Bank and memorandum of deposit of title deeds
first respondent and the petitioner has no right whatsoever under the pari passu agreement to question the action taken by the respondent-corporation to realise ... petitioner and respondents Nos. 1 and 2 as evidenced by the pari passu agreement. It is also urged that there was no justification whatsoever
pari passu or
proportionate basis as per the clause of the Pari Passu Deed.
5. On the basis of the said agreement, the present suit ... reads as under :
"we refer to the pari passu deed. Words defined in the pari
passu deed shall have the same meanings when used
building on different dates. All the financiers entered into a
pari passu agreement with the consent of the Petitioner on 21st
March, 1987.
5. Admittedly ... financiers on 20th July, 1994
and in partial modification of the pari passu agreement dated 21st
March, 1987, it was agreed that the Petitioner would
explanations.
We
find that Bank of Baroda mainly relies on the pari-passu agreement
dated 20.1.1976 in support of their claim that they are having ... records reveals as under:-
"1.2.1
BOB presented the pari-passu agreement dated 20.1.1976 in support of
their claim. The said pari-passu agreement dated
