said
loans granted by NHB were secured by way of pari passu charge inter- alia over
the movables, including receivables of DHFL with the other ... loans above granted by NHB were secured by way of pari passu charge
inter alia over the movables including receivables of DHFL with the other
said
loans granted by NHB were secured by way of pari passu charge inter- alia over
the movables, including receivables of DHFL with the other ... loans above granted by NHB were secured by way of pari passu charge
inter alia over the movables including receivables of DHFL with the other
that a pari passu
charge was created in favour of the workmen of the company in liquidation.
In the case at hand, it was submitted ... defined in the Industrial Disputes Act, 1947 . Therefore, there is
no pari passu charge on the facts of this case. Hence, it was not necessary
submitted that the employees' dues had a pari passu
charge over the proceeds and the Union was entitled for such charge. He
further submitted ... Pari passu would mean equally and without preference. The
aspect of pari passu charge has been referred to in Section
borrowings reflected in
the balance sheets are secured by way of pari passu charge on the
present and future current assets of the companies
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
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 ... charge is
created in favour of workmen in respect of dues over the
security of every secured creditor and this charge is pari passu
with
Bank Of Maharashtra vs Videocon Industries Limited & Ors on 5 January, 2022
NATIONAL COMPANY
provided that
workmen shall deem to have pari passu charge in his favour to the
extent of workmen’s portion. It further stated that where ... extent of workmen’s share/ portion in the security shall rank pari
24
passu with workmen’s dues for the purposes of Section 529A
cast is that of the Debenture
Holders as they have a pari passu charge over certain common securities. The question
that has arisen is, what
