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 ... workmen’s portion in his security, whichever is less, shall rank pari passu with the workmen’s dues for the purposes of section
immovable and movable properties of the sugar undertaking on pari passu charge basis failing which on the basis of an exclusive second charge.]inserted vide
shall give either a bank guarantee or a first charge on its assets on pari passu basis failing which second exclusive charge on its assets ... second exclusive charge shall be permissible only if the fixed assets coverage ratio is 1.5 or more, first charge pari passu shall be acceptable from
rules made thereunder; (d) if the issuer proposes to create a charge or security on its assets in respect of secured convertible debt instruments ... such lender or security trustee or lessor for a second or pari passu charge has been obtained and submitted to the debenture trustee before
issuer stating that the necessary documents for the creation a the charge, where applicable, including the Trust Deed would be executed within the time frame ... that permission / consent from the prior creditor for a second or pari passu charge being created, where applicable, in favor of the trustees
rules made thereunder (d) if the issuer proposes to create a charge or security on its assets in respect of secured convertible debt instruments ... such lender or security trustee or lessor for a second or pari passu charge has been obtained and submitted to the debenture trustee before
rules made thereunder; (d) if the issuer proposes to create a charge or security on its assets in respect of secured convertible debt instruments ... such lender or security trustee or lessor for a second or pari passu charge has been obtained and submitted to the debenture trustee before
rules made thereunder; (d) if the issuer proposes to create a charge or security on its assets in respect of secured convertible debt instruments ... financial institution, scheduled commercial bank or lessor for a second or pari passu charge has been obtained and submitted to the debenture trustee before
issue of bonds or debentures secured by a first charge or a charge ranking pari passu with the first charge on any assets referred ... applicable.
Details of Charge Created:- 1. Nature of charge created; 2. Rank of charge created viz. first, second, pari passu, residual, etc; 3. Minimum security
