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Rajeev vs Official on 7 October, 2011 Author: Jayant Patel Bench: Jayant Patel Gujarat High

which were jointly financed with respondent No. 1 having pari passu charge on the said assets and property. However, respondent No. 3 could not auction

over which Centurian Bank as well IndusInd Bank were also claiming the charge. The money realised from the disposal of the factory ... workers dues of Rs. 32,37,000/- since there is also pari passu charge for workmen dues and the amount is already deducted

stated the aforesaid aspect. The contention that there should be at pari passu charge, is not provided, as per the provisions of the Companies

considered   with   the   PF   dues,   the   ratio   on   the  principles of pari passu charge with the secured  Page 4 of 6 C/MCA/2076/2013

statutory provision such charge of workmen's dues are to stand on pari passu and, therefore, there would be double payment of the same ... first charge on the assets of the establishment, the first charge has to be maintained, but such first charge shall be on the assets

expenses of Rs. 1,05,000/- and the stamp duty, the registration charge of the documents, etc. (b) the applicant Bank shall also ... claim of workmen dues under Section 529A of the Act for pari passu payment and consequential effect shall be given at the time of disbursement

aforesaid two categories of secured debts may be considered on pari passu basis with the workers/employees dues. (5) Crown/State dues (unsecured) (6) Unsecured ... already observed earlier that they shall be considered for pari passu payment with the secured debts. Hence, no further observations deserve to be made

Kalyan Janta Sahakari Bank Ltd vs State Of Gujarat & on 15 January, 2016 Author

The vs The Author: Jayant Patel Bench: Jayant Patel SCA/10590/2007 16/ 16 ORDER