Indian Kanoon - Search engine for Indian Law

creditor shallv_be_;deem:ed to- V be subject to a pari passu char§ev.:in'if,aVour"ofthegworkmen to the extent ... amounts are realized, they musty' be distributed subject to a pari passu charge in _fayou1_~* workmen to the extent of the workmen

secured creditor shall be deemed to be subject to a part passu charge in favour of workmen to the extent of the workrnerfs portion therein ... further held A f_" tha'I':..the deemed pari passu charge does not exist before the order of winding up. Having regard