building on different dates. All the financiers entered into a
pari passu agreement with the consent of the Petitioner on 21st
March, 1987.
5. Admittedly ... financiers on 20th July, 1994
and in partial modification of the pari passu agreement dated 21st
March, 1987, it was agreed that the Petitioner would
when the first
defendant approached the plaintiff for a loan, the pari passu agreement
dated 30.01.1997(Ex.P11) was executed. This documents establishes that ... pari passu. After perusing
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https://www.mhc.tn.gov.in/judis
Page No.14 of 22
C.S.No.210 of 2006
this agreement
consistently recognised the pari passu 12.1 55-56
charge
12. Overriding effect of Section 238 13 56-57
13 . The Arrangement is subject ... Services Providers
RBI Reserve Bank of India
MOU Memorandum of Understanding
Arrangement Agreement between the CoC and NHB
Piramal Piramal Capital & Housing Finance Limited
consistently recognised the pari passu 12.1 55-56
charge
12. Overriding effect of Section 238 13 56-57
13 . The Arrangement is subject ... Services Providers
RBI Reserve Bank of India
MOU Memorandum of Understanding
Arrangement Agreement between the CoC and NHB
Piramal Piramal Capital & Housing Finance Limited
talk about priority inter-se secured creditors.
Thus, valid inter-creditor/subordination agreements
would continue to govern their relationship. Further
sub-section (2) of section ... context of section 53(1)(b), any agreements
between workmen and secured creditors which
disrupts their pari passu rights will be disregarded by
the liquidator
Agreement had been executed on 09.07.2007
between Lanco and NHAI for construction of road on build, operate and
transfer (BOT) basis. In the Concession Agreement ... part of the project and who hold pari passu
charge on the concession granted by this agreement. The object of the
Concession Agreement
unsecured obligations of the Company and shall at all times rank
pari passu and without any preference or priority among themselves and
shall ... Conversion shall be of the same face value and shall be pari
passu in every respect with the comparable Equity Shares of the
Company then
talk about priority inter-se secured creditors.
Thus, valid inter-creditor/subordination agreements
would continue to govern their relationship. Further
sub-section (2) of section ... context of section 53(1)(b), any agreements
between workmen and secured creditors which
disrupts their pari passu rights will be disregarded by
the liquidator
offer
equity securities to any person, then
Tiger and Orios, (pari passu with
other right holders of the Acquirer)
shall have a pro-rata right ... invested by them in the Target. The
proceeds will be distributed pari
passu to the Series A Shares, Series
A1 Shares, Series B Shares, Series
that the first pari passu charge on the subject property was an
essential condition as per clause 16.1 of the facility agreement. This ... property has been mortgaged with several financial institutions on
pari passu charge. Thus there is no offence made out under this
Section.
39. Sections
