submitted that such
assignment was on 07.03.2014 after ceding pari passu charge qua the
property, which is subject matter of the instant applications ... letter dated 29.04.2009 (plaint document No.1)
captioned 'LETTER CEDING PARI PASSU CHARGE', wherein
and whereby first defendant in its capacity as lead
respondent bank (J & K Bank) and created a pari-passu charge in
favour of both of them, over certain immovable properties. A pari-passu ... pari-passu agreement between
participating institutions.
Hence, as there is no exchange of in-principle letters
and pari-passu arrangement, your claim for pari-
passu
refusal of the
respondent to execute necessary documents for creation of pari passu
charge upon the assets of the petitioners, financial facility extended ... pari passu with the charges created by
the Borrower in favour of the financial institutions.
11.3 The Board shall have the pari passu charge over
Agreement, on 27th November, 2012, the security by
way of first pari passu charge over the Subject Property was in favour of the
Applicant ... benefit
of the Appellant and
other pari passu
lenders of JAL; and
b. First pari passu
charge over immovable
property comprising
166.9615
Company Appeal
atleast 1.00x of the Secured
Obligations;
b) First ranking pari-passu charge by way of mortgage
over the Mortgaged Property with a security cover ... concerned is said to be
a 'frst ranking pari passu charge by way of mortgage over the
mortgaged property with a security cover
secured in favour of the mutual funds under the pari passu charge and that
this amount was now being utilized to borrow funds. The security ... made out a case that the
very securities, over which a pari passu charge has been extended in favour
of mutual funds and other secured
fact that the Appellant and the other lenders are first
pari-passu charge holders over the property mentioned in Schedule-1 is also
admitted ... Respondent -
Edelweiss Asset Reconstruction Company of sharing the first pari passu
charge along with 1st Respondent-Finquest Financial Solutions Pvt. Ltd. is
untenable, false
assets of a debtor company in
execution of recovery certificate a pari passu charge in favour of
workmen gets created against the company, though ... pari passu charge in
favour of the workmen". The effect of the proviso is to create, by
statute, a charge pari passu in favour
were also provided term loan by defendant No. 8 and had pari
passu charge with the plaintiff and proforma defendant No.7.
Agreement for pari ... defendant No.7. It is
admitted that defendant No.7 had paripassu charge on assets
of defendant No.1. However, defendants
borrowings
reflected in the balance sheets are secured by way
of pari passu charge on the present and future
current assets of the companies
