Lenders, except to the extent
modified hereunder:
(i) a first ranking pari passu charge
by way of mortgage and charge
over all the immoveable
properties ... both present and future;
(ii) a first ranking pari passu charge
on all movable fixed assets of the
Borrower, both present and
future, including
secured in favour of the said Banks by a
first pari passu charge by way of hypothecation and/or pledge of
the Borrowers Current Assets ... Mortgage in favour of the said Banks ranking first pari
passu charge on the Borrowers immovable properties both present
and future and also such other
secured in favour of the said Banks by a
first pari passu charge by way of hypothecation and/or pledge of
the Borrowers Current Assets ... Mortgage in favour of the said Banks ranking first pari
passu charge on the Borrowers immovable properties both present
and future and also such other
Bank of Baroda was partially taken
over by HDFC Bank. A pari passu charge was also created in favour of
HDFC Bank over the mortgaged
Bank of Baroda was partially taken
over by HDFC Bank. A pari passu charge was also created in favour of
HDFC Bank over the mortgaged
Bank of Baroda was partially taken
over by HDFC Bank. A pari passu charge was also created in favour of
HDFC Bank over the mortgaged
credit facilities, the borrower/company (in
liquidation) had created a first pari-passu charge in favour of PNB and
the consortium of lenders, and said
charged. Clause 4(a) provided that the loan
would be secured by an equitable mortgage of the Magnum Mall on a
pari passu basis. Clause ... defendant bank
subsequently confirmed the loan‟s closure and canceled its pari passu
charge on the Mall.
16. Meanwhile, upon realizing its error, PNB refunded
Bank) and Indian Bank which were secured by way of pari-passu
Hypothecation Charge over the current assets/moveable properties of the
Company, and personal ... Arrangement which were secured by way of pari-passu hypothecation
charge over the current assets/moveable properties of the Company,
personal Guarantees of Shri Nitin
Respondent No.2 along with one property being mortgaged on pari passu
basis with a realizable value of Rs.17.21 Crores ... 2022 Page 17 of 51
Signing Date:05.09.2024
19:43:42
the charge created on the assets of Respondent No.2 was also discharged
