immovable assets in its favour would rank pari passu subject to their ceding pari passu charge in favour of the respondent No. 1 Bank ... memorandum of entry for extension mortgage (2) inter se pari passu agreement, (3) resolution to be pined by the company and (4) authority letter
Total 2100
2.2 DEBENTURE SHALL RANK PARI PASSU :
The Company shall ensure that the Debentures shall rank pari passu inter se to all intents ... their right being pari passu with other debenture holders, they cannot claim a preferential right. If clause 7.5 of the agreement is read
Total
2100
2.2 DEBENTURE SHALL RANK PARI PASSU :
The Company shall ensure that the Debentures shall rank
pari passu inter se to all intents ... their right being pari passu with other debenture holders, they cannot claim a
preferential right. If clause 7.5 of the agreement is read
IDBI has also pari passu charge on the entire fixed assets of the Company in liquidation ranking pari passu charge with Indian Bank and second ... dated 03.02.1995 issued by the Company in liquidation in ceding first pari passu charge on the fixed assets of the Company in liquidation and second
While the said petition was pending, pursuant to the tripartite agreement dated December 24, 1999, the shares were transferred on January 31, 2000, during ... assets of the company shall be made available for distribution pari passu amongst the creditors of the company and that no creditor should obtain advantage
lacs was sanctioned. The said company executed a term loan agreement dated 18-10-1993 inter alia containing therein terms and conditions for repayment ... assets of the petitioner and other financial institutions and banks were pari passu charge holder.
4. To secure the repayment of the aforesaid amount apart
there is malicious intention behind it.
26. This Court is also in agreement with the second reason given by the Bombay High Court ... Proviso to Sub-section (1) of Section 529 pari passu with such dues, shall be paid in priority to all other debts. Thus, within
there is malicious intention behind it.
26. This Court is also in agreement with the second reason given by the Bombay High Court ... Proviso to Sub-section (1) of Section 529 pari passu with such dues, shall be paid in priority to all other debts. Thus, within
true and applicable in the case of a mortgagee and a pari passu charge-holder over the same security for realising the security. The realisation ... only be simultaneously for recovery of the claim of all pari passu charge-holders and sale proceeds are required to be divided proportionately
lands which were granted by the State, to contend, that the agreements of sale, de hors the required permission, is invalid. It is next contended ... unsecured creditors upon an equality and pay them pari passu" in Cockpits Colliery Co., In re[l 882] 21 Ch.D. 322. It must
