take any action. KSIIDC was also having pari-
passu agreement with the Corporation. On 2.12.1989, the
appellant/Corporation addressed a letter to BIFR that they
share pari passu charge of the aforesaid
property with KSIDC and State Bank of India, and in this
regard entered into pari passu agreement ... creditors, i.e. KSFC, KSIIDC and SBI as
there was a pari passu agreement and as the amount was
recovered in terms of auction sale
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
Article II of the said Working Capital
Consortium Agreement covenants the creation of first pari passu
charge on the assets of the respondent ... Joint deed agreement.
Primary Security - Hypothecation of stocks, book debts, plant
and machinery & fixed asset on pari passu basis.
17. Subsequently, the respondent
ultimate
distribution of the assets of an insolvent company is pari passu among its
creditors.
16. As against it, the provisions of Section ... exceeds the amount arranged to be
paid from that account by an agreement made with that
bank, such person shall be deemed to have committed
Authorized Officer vs Page 1 Of 5 on 2 September, 2016
Author: Anant S.Dave
holders
thereof.
(vii) The Bonds comprising the present issue shall rank
pari passu interest without any preference or priority
of one over the other ... subject to the terms and
conditions, to be incorporated in the
documents/agreements to be entered into with the Bond
Trustees and in the Bond
that case, also the D.I.A.D.A.
will retain pari passu interest with the Institution.
(ii) No charge in the lease, proprietorship ... along
with BICICO and the dues of BIADA can only have pari passu
interest to that of BICICO. It is submitted that once the right
respondent is willing to give further
properties, numbering 9, having pari-passu charge, which properties are with
City Union Bank Ltd. which has outstanding ... pari passu charge of any such immovable property will not
help the petitioner. The petitioner is also not willing to accept any pari
passu charge
respondent is willing to give further
properties, numbering 9, having pari-passu charge, which properties are with
City Union Bank Ltd. which has outstanding ... pari passu charge of any such immovable property will not
help the petitioner. The petitioner is also not willing to accept any pari
passu charge
