number, there are 21 Banks, and 15 financial institutions, on a pari-passu inter-se basis without any preference or priority of one over ... financial re-construction application was approved on 19.3.2003 and confirmation of pari-passu agreement was made on 29.12.2004 between participating financial institutions and the Banks
when the first
defendant approached the plaintiff for a loan, the pari passu agreement
dated 30.01.1997(Ex.P11) was executed. This documents establishes that ... pari passu. After perusing
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https://www.mhc.tn.gov.in/judis
Page No.14 of 22
C.S.No.210 of 2006
this agreement
company created in favour of these three banks should rank pari passu inter-se the banks without any reference or priority to them; that secondly ... imagination, it could be termed as a technical violation of the pari passu agreement. Having agreed not to go for amalgamation or reconstruction without
counsel appearing
for the 1st respondent that the terms of the pari-passu agreement would be
strictly adhered to and complied with and as against
with the 6th respondent being the
lead banker under a pari passu agreement. The total loan amount sanctioned
was to the tune of Rs.1800
with the 6 th respondent being the
lead banker under a pari passu agreement. The total loan amount sanctioned
was to the tune
other properties belonging to the second respondent, there was a
pari passu agreement with the third respondent,Bank and therefore, the third
respondent was also ... rights
claimed on behalf of the third respondent as a pari passu agreement holder and
has straightaway directed
Bank may reasonably request. It was pursuant to this stipulation in the agreement that the trust deed dated April 6, 1968, was executed as between ... therein.
(b) If any Pari Passu floating charge created under Section 7 .02 (A) of the Loan and Purchase Agreement or otherwise in excess
Demand Promissory Note Delivery Letter dated 12.09.1996
5. Ex.A5 - Loan Agreement dated 12.09.1996
6. Ex.A6 - Deed of Hypothecation dated ... Interse Pari Passu letter dated 18.11.1996
9. Ex.A9 - Inter se agreement dated 28.02.1997
10. Ex.A10 - Joint Deed of Hypothecation dated
M/S.Kumaran Mines vs Page 1 Of 86 on 6 February, 2024
Author: S
