respondent/Bank to the Company:
Security Primary
a. Pari-passu first charge on factory land and
building
b. Pari-passu first charge
respondent/Bank to the Company:
Security Primary
a. Pari-passu first charge on factory land and
building
b. Pari-passu first charge
proviso to sub-section (1) of Section
529 pari passu with such dues,
shall be paid in priority to all other debts.
(2) The debts ... charge is created in favour of workmen in
respect of their dues over the security of every secured
creditor and this charge is pari passu
immovable and movable
properties of the sugar factory on pari passu first
charge basis failing which on the basis of an
exclusive second charge:
Provided
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