certain amounts to KIADB, KSIIDC, KEB, etc. As
per pari-passu agreement with KSIIDC and others, the
payment of Rs.24,69,000/- made ... petitioner on paying the dues of KSIIDC as per
pari-passu, a sum of Rs.1,34,26,588.90 as on 10.06.1994 is
still
take any action. KSIIDC was also having pari-
passu agreement with the Corporation. On 2.12.1989, the
appellant/Corporation addressed a letter to BIFR that they
shares of
petitioner No.1 held by USL Benefit Trust on pari passu
basis in favor of respondent No.1 and the Punjab
National Bank ... United Spirits
limited held by United Spirits Limited Benefit Trust on
Pari Passu basis with other lenders refinancing the
aggregate debt
terms of an agreement amongst them, it had been agreed that all the secured creditors hold pari passu charge over the properties of the company
should be directed to share the proceeds that they have realised pari passu with the applicant.
9. I have heard Sri. S. G. Pandit learned ... agreement or understanding of these applicants with M/s. KSIIDC that their security should stand pari passu with the charge which M/s. KSIIDC
this effect an agreement has been entered into between all the secured creditors creating a pari passu charge on the property and therefore the apprehension
more institutions,
Agreements/Arrangements (tri[partite or
otherwise) whereby the proceeds out of the
securities offered by borrowers are share on
pari passu basis ... behalf
of ICICI Bank, all Trust Deeds, Supplemental
Trust Deeds, Trusted Agreements and all other
deeds, documents and writings in connection
with ICICI Bank acting
Companies (Amendment) Act, 1985, since the workmen are given a pari passu right in respect of the security of the secured creditor, leave ... instance of the secured creditor of the company. I am in respectful agreement with the views expressed by this court in the case of Karnataka
register of debenture-holders maintained by the company ranking inter se pari passu without any preference or priority of one over the other or others ... title deeds in its possession and as the bank ranks pari passu with the other institutions, it is capable of realising its securities
after obtaining No Objection certificate from the said
respondent and in mutual agreement with the respondent
No.5, a second charge was created in favour ... words, it was agreed with both the bankers that the
mutual pari-passu charge over all the mortgaged
properties. Thereafter, the respondent No.4 requested
