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
Sri Lanka Venkata Subrahmanyam vs And on 4 January, 2018
Author: B. Siva Sankara Rao
obligatory upon the liquidator to represent the workmen and enforce the pari passu charge in favour of the workmen and to ensure that the amount ... case where a pari passu charge of the workmen was found to exist. However, respectfully we are not in agreement with the view expressed
case where a pari passu charge of the workmen was found to exist. However, respectfully we are not in agreement with the view expressed ... staying outside the liquidation proceedings when the question of discharging the pari passu charge of the workmen emerges for consideration. It is not our intention
case where pari passu charge of the workmen was found to exist. However, respectfully we are not in agreement with the view expressed ... staying outside the liquidation proceedings when the question of discharging the pari passu charge of the workmen emerges for consideration. It is not our intention
company have to be applied first to the secured creditors on pari passu basis with the claim of the workmen of this company ... subsidiary company in liquidation. The subsidiary entered into hire purchase agreement with APIIC for two factory sheds bearing
first proviso to Section 19(1) of the DRT Act. The agreement between the secured creditors in such cases is required to be placed before ... hands of the bank/FI. Section 13(9) also deals with pari passu charge of the workers under Section 529-A of the Companies
first proviso to Section 19(1) of the DRT Act. The agreement between the secured creditors in such cases is required to be placed before ... hands of the bank/FI. Section 13(9) also deals with pari passu charge of the workers under Section 529-A of the Companies
alleged, has failed to meet the commitment under an agreement to release the loan amount of Rs. 60 lakh although it is alleged, pursuant ... under the IDBI Refinance Scheme Banking pari passu incharge with a term loan of Rs. 60 lakh with the appellant herein i.e. Andhra Pradesh
