shall be treated as a loan in proportion to
the original pari-passu agreement between plaintiff and
proforma defendant No.5. Defendants specifically agreed ... proforma defendant No.5
as per the terms of their pari-passu agreement. Defendant also
agreed to pay balance sale consideration amounting
Chartered Accountants
on the basis of Memorandum of confirmation of pari passu
agreement dated 13.12.1995 executed between GIIC and
GSFC vis-a-vis ratio proposed
Chartered Accountants
on the basis of Memorandum of confirmation of pari passu
agreement dated 13.12.1995 executed between GIIC and
GSFC vis-a-vis ratio proposed
Sri Lanka Venkata Subrahmanyam vs And on 4 January, 2018
Author: B. Siva Sankara Rao
case of mortgage and charge so created, the same
shall rank pari passu interse with the Bank of Baroda
for their Term Loan ... Memorandum of Entry and
Paripassu Agreement for approval by the Respondent
No.2 for creating pari-passu charge.
(Produced by the Respondent Nos. 1 along
transferring its assets or properties
or encumbering them in any manner. The agreement to sell
dated 10.12.1997 which is of after the date ... assets to be distributed amongst the
creditors and workmen pari passu. The second agreement to sell
dated 10.12.1997 vide which Suresh K. Grover had transferred
unsecured creditors upon equality and pay
them pari passu. This principle has secured
statutory recognition in section 511 of the
Companies Act, which provides ... paid in pari passu.
15. In view of the aforesaid position we are in complete
agreement with the Company Judge that Malanpur cannot
be treated
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
Assignee having paid to the Assignor the consideration, as mentioned in the Agreement to Assign on or before the execution of these presents the Assignor ... hypothecation or mortgage, or by way of absolute or pari passu charge, absolutely and forever to the end and intent that the Assignee hereafter shall
terms and conditions of the
Security documents, i.e., Agreement to Create
Mortgage and loan documents dated 7.3.2016 along
with it's supporting documents ... State Bank of Bikaner and Jaipur, were holding first
charge ranking pari-passu over the assets of the
company among each other for their respective
