Indian Kanoon - Search engine for Indian Law

JUDGMENT secured   creditor   shall   be   deemed   to   be  subject   to   a   pari   passu   charge   in   favour  of   the   workmen   to   the   extent   of   the  workmen ... portion in his security,  whichever   is   less,   shall   rank   pari   passu  with the workmen' s dues for the purposes  of  section 529A

charge   over  immovable   properties   of   Company,   it   would  only hold a pari­passu charge along with CFIs  and workmen. Therefore APIDC could only claim ... claim  of  APIDC   to  be   treated   as   a   secured   creditor­holding  pari­passu   charge   over   immovable   properties  of   company   under   liquidation   along   with  assignee