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
that it does not entail homogenous
and pari passu treatment of all members. The Agreement is a
structured one and proposes to treat different classes ... holding out from executing the
Agreement despite being given the same terms and pari passu
treatment with all other members.
17. In the instant case
that creditors should be paid pari passu. Moreover, the respondents, at the least, knew at the date of the agreement that the company
lenders. It is submitted that the
Petitioner as a first pari passu charge holder can continue to hold its security
in the current assets ... Petitioner created under the Term Loan Agreement and Deed
of Hypothecation. The Petitioner admittedly holds a first pari passu charge
over the current assets
OPCD
transactions is also shared on a pari passu basis by the Plaintiff under the
Facility Agreement does not establish or even, for that matter ... Indian
company, with securities of the common borrower being shared pari passu.
Even if the foreign part, namely, FDI, cannot be permitted
Agreement had been executed on 09.07.2007
between Lanco and NHAI for construction of road on build, operate and
transfer (BOT) basis. In the Concession Agreement ... part of the project and who hold pari passu
charge on the concession granted by this agreement. The object of the
Concession Agreement
claims lodged before the Official Liquidator
and hence there is no pari passu charge in respect of the assets of the MSIL mentioned ... conjunction with the special rights
given to the workmen, who as pari passu charge-holders are represented
by the official liquidator. We are, therefore
shared between Yes Bank and IDBI Bank Ltd
on pari-passu basis as convenented in Agreement dated 14th June
2017 (annexed and marked as Exhibit ... charge on the Vessel DLB Nand Gaurav into a pari-passu charge with
Yes Bank. By the said letter, IDBI Bank Ltd. in its capacity
State of Gujarat on the footing of a first pari passu charge with the Gujarat Industrial Investment Corporation. The Gujarat State Financial Corporation as well ... pari passu charge over the securities. The learned judge made several other observations during the course of his judgment. I am in respectful agreement with
agreements.
Prima facie, I am of the view that the plaintiff has made out a case that the
very securities, over which a pari passu
