every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen to the extent of the workmen ... workmen's portion in his security, whichever is less, shall rank pari passu with the workmen's dues for the purposes of section
every secured creditor shall be deemed to be
subject to a pari passu charge in favour of the workmen to the extent of
the workmen ... enforcing the charge by selling the security against which such charge is
created. Nonetheless, it creates a 'pari passu' charge in favour
order
dated 28.11.2008 held that the workmen and secured creditors have pari
passu charge over the properties of the company as would be clear from ... High Court and contended that the secured
creditors have pari passu charge with the workmen only on the
properties which have been offered
sale proceeds
will be distributed by taking into account the pari passu charge to a
limited extent of the “workmen’s portion” as laid down ... Section 529(1)(c) proviso by a legal fiction creates a pari passu charge to
a limited extent on the security of the creditor which
prior to the aforesaid amendment, which resulted in creation of a pari passu charge on the security of the secured creditors in favour ... every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen to the extent of the workmen
charge is deemed to be created in favour of the workmen for the recovery of their dues which charge runs pari passu with the charge ... right of a pari passu chargeholder. Such a right can be exercised with the consent of the pari passu chargeholder or on orders
rights of a pari passu chargeholder? Can a mortgagee exercise his power of sale without the consent of a pari passu charge-holder ... right of a pari passu chargeholder. Such a right can be exercised with the consent of the pari passu chargeholder or on orders
subjecting the security of the secured creditor to pari passu charge for workmen's dues and empowering the liquidator to join the secured creditor ... capacities in such a situation (1) as a representative of the pari passu charge holders; and (2) as an officer of the court
every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen. In a case where a secured ... conceded that the charge in favour of the workmen was a pari passu charge and in that view of the matter he did not dispute
every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen to the extent of the workmen ... legal fiction, to make the security of every creditor subject to pari passu charge for the workmen's dues owed by the company under
