Schedule to the Pledge Agreements.
6
(ii) The Pledge Agreements, namely the Exclusive Pledge
Agreement and the Pari Passu Pledge Agreement are
contracts independent ... Pledge Agreements.
(iii) IFIN is admittedly exercising its right under Clause 6.2 (b) of
the Exclusive Pledge Agreement and the Pari Passu Pledge
Agreement
being first
charge holder pari passu with the financial institutions, the applicant bank has
relied on two documents, namely, the agreement with the company dated ... basis of the agreement between the company and the applicant bank. But there
is no evidence of pari passu charge created in favour
supplementary rupee loan agreement dated November 2, 2020
(hereinafter collectively referred to as the loan agreements).
3. Under the said loan agreements ... under the said loan agreement
were secured by a first charge on all investments (present, and future) on
pari-passu basis with the existing loan
supplementary rupee loan agreement dated November 2, 2020
(hereinafter collectively referred to as the loan agreements).
3. Under the said loan agreements ... under the said loan agreement
were secured by a first charge on all investments (present, and future) on
pari-passu basis with the existing loan
supplementary rupee loan agreement dated November 2, 2020
(hereinafter collectively referred to as the loan agreements).
3. Under the said loan agreements ... under the said loan agreement
were secured by a first charge on all investments (present, and future) on
pari-passu basis with the existing loan
pari
passu basis and an exclusive on 57.30 acres of land and all movable and
immovable assets related to captive plant on pari passu basis ... Building at
4,4/1 Red Cross Place Kolkata on pari passu basis.
(c) Exclusive charge on all the bank accounts into which
February
07, 2017 the respondent no. 1 executed a term loan agreement (against hypothecation of movables)
in favour of the Allahabad Bank recording that ... movable and immovable assets relating to the said slag plant
on pari passu basis and also on a further 57.30 acres of land and movable
case of the petitioner that in terms of an agreement
dated March 19, 2014, the respondent no.1 obtained a financial
accommodation ... said agreements
dated March 19, 2014. The financial accommodation granted by the
petitioner to the respondent no.1 was secured by first pari passu charge
this alleged
allotment to defendant no.1 allegedly pursuant to the oral agreement.
However there is no evidence to show that payments were actually made ... crores was disbursed. In
consideration of availing of such credit facilities pari passu charge was also
created and necessary creation of charge documents were filed
agreement, settlement and discussion and that they are guilty of misconduct by violating the terms and conditions of the agreement, by not providing the plaintiff ... other facilities due to business and for making arrangements for 'pari passu' charges by the defendants. The plaintiff also prayed for a declaration
