claims lodged before the Official Liquidator
and hence there is no pari passu charge in respect of the assets of the MSIL mentioned ... enforcing the charge by selling the security against which such
charge is created. Nonetheless, it creates a 'pari passu' charge in favour
under the proposed scheme the objector-bank will be getting first pari passu charge on fixed assets and a second pari passu charge ... total amount of Rs. 555.00 lakhs and the first pari passu charge on the current assets and a second pari passu charge on fixed assets
manner violating the applicant's rights to a pari passu charge over
the secured properties as identified in the letter dated 29.04.2009 issued ... Defendant ceding such pari passu charge pending disposal of the suit.
For Applicant : Mr.Vineet Subramani
For Respondent : Mr.Srinath Sridevan
respondent bank (J & K Bank) and created a pari-passu charge in
favour of both of them, over certain immovable properties. A pari-passu ... pari-passu agreement between
participating institutions.
Hence, as there is no exchange of in-principle letters
and pari-passu arrangement, your claim for pari-
passu
meant for distribution among the Corporation, workmen, who have a pari passu charge and other secured creditors, if any, having right over the same ... charge of the Corporation over the properties covered by the Valuation Report, there is charge of another secured creditor and pari passu charge
refusal of the
respondent to execute necessary documents for creation of pari passu
charge upon the assets of the petitioners, financial facility extended ... pari passu with the charges created by
the Borrower in favour of the financial institutions.
11.3 The Board shall have the pari passu charge over
exercised with the rights of the pari passu charge to the workmen created by proviso to Section 529 of the Companies Act. Under the said ... shall be entitled to represent the workmen and enforce the above pari passu charge. Therefore, the Court found that the condition imposed by the Company
said
loans granted by NHB were secured by way of pari passu charge inter- alia over
the movables, including receivables of DHFL with the other ... loans above granted by NHB were secured by way of pari passu charge
inter alia over the movables including receivables of DHFL with the other
said
loans granted by NHB were secured by way of pari passu charge inter- alia over
the movables, including receivables of DHFL with the other ... loans above granted by NHB were secured by way of pari passu charge
inter alia over the movables including receivables of DHFL with the other
followed by a supplementary mortgage dated
04.08.2018, whereby a first pari passu charge was created in favour of
Company Appeal ... State Bank of India are the only secured
creditors holding first pari passu charge over the secured assets of the
Corporate Debtor. It is further
