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
obstante clause in
Section 529A of the Companies Act providing for pari passu
charge of the workmen.
In International coach Builders Ltd., this Court ... Company Court for the limited purpose of
ensuring that the pari passu charge in favour of the workmen
is safeguarded by imposition of suitable conditions
have held that all secured
creditors along with the workmen have pari passu charge over
all the properties or assets of the Company and would ... unable to realise a portion of
his dues because of the pari passu charge created in favour of
the workmen under the first limb
first writ petition is filed by a Bank, which held a pari
passu charge over the secured assets, along with the Andhra Bank (1st
respondent ... security of the very
same properties and both of them had pari passu charge in the secured
asset in the ratio of 66.23% in favour
first writ petition is filed by a Bank, which held a pari
passu charge over the secured assets, along with the Andhra Bank (1st
respondent ... security of the very
same properties and both of them had pari passu charge in the secured
asset in the ratio of 66.23% in favour
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
vide its letter dated 28.5.2013 while admitting its liability and requesting for charging of normal rate of interest had also admitted that the funds were ... with SBI as the lead with following securities :-
(a) subservient first pari-passu charge on all the movable and immovable fixed assets, present and future
sharing of
security on 1st pari passu basis with the
prospective lender(s). NOC for ceding pari passu
charge in favour of the prospective lender
plaintiff and proforma defendant No.5 had pari-passu and joint
charge on the assets of M/s.RKB Herbals (P) Ltd.
4. The averments ... under one agreement of sale dated 30.3.1994, they kept their
pari-passu charge on the said assets for unpaid sale
consideration in proportion to their
Paripassu Agreement for approval by the Respondent
No.2 for creating pari-passu charge.
(Produced by the Respondent Nos. 1 along with
Affidavit dated ... Form No. 8 & 13 filed showing registration of pari Para 3.5
passu first charge of the Survey No. 215, Village Page 370
Ghanghli, Taluka
