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
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
create charge by way of
hypothecation over its current assets on pari passu basis with working
banking capital and exclusive charge over its fixed assets ... create charge by way of hypothecation over its current assets on pari
passu basis, with working capital banker and exclusive charge over its
movable fixed
ranking mortgage and pari passu charge/issuing of all the moveable
properties of the borrower. Further a first ranking pari passu charge ... accordance with the Hedging Plan, the Hedge provides shall rank pari passu
inter-se and with the Secured Parties and without any preference or
priority
favour of ICICI Bank. Defendant no.6, however, obtained a pari
passu charge over the DLF penthouse with the ICICI Bank.
8.18. On 4th July ... penthouse was concerned, the defendant
no.6 had a pari passu charge with ICICI to secure their loans.
However, subsequently defendant no.6 took over
ranking mortgage and pari passu
charge/issuing of all the moveable properties of the borrower.
13
Further a first ranking pari passu charge ... accordance with the Hedging
Plan, the Hedge provides shall rank pari passu inter-se and
with the Secured Parties and without any preference or
priority
more institutions,
Agreements/Arrangements (tri[partite or
otherwise) whereby the proceeds out of the
securities offered by borrowers are share on
pari passu basis ... behalf
of ICICI Bank, all Trust Deeds, Supplemental
Trust Deeds, Trusted Agreements and all other
deeds, documents and writings in connection
with ICICI Bank acting
application to be treated as a first
charge holder/secured creditor pari-passu with respondent No.2-Industrial
Development Bank of India, respondent ... business;
The mortgage and charge referred to above
shall rank pari passu with the mortgagees and
charges created and/or to be created in favour
agreed upon. Defendant No.3
authorised to make a mention of pari passu charge in favour of
plaintiff in the form of particulars of charge ... pari passu charge on
the security without any preference or priority of one over otheres.
None of the parties has executed Memorandum of Paripassu
Agreement
first respondent. The Petitioner and Respondent Nos. 3 to 9 hold pari passu
charge over all properties of Esslon; Respondent Nos. 3 to 9 have been ... dated 28.12.1990 with IDBI and the other
banks creating a first pari passu charge in favour of all of them on the whole
