properties
and hypothecated its movable plant and machinery by way of pari
passu charge to secure the financial assistance by way of Term Loans
sanctioned ... Together with interest and charges thereon. The financial institutions
have thus pari passu charge on the assets of the Company consisting
of Survey
properties
and hypothecated its movable plant and machinery by way of pari
passu charge to secure the financial assistance by way of Term Loans
sanctioned ... Together with interest and charges thereon. The financial institutions
have thus pari passu charge on the assets of the Company consisting
of Survey
payable to the
Lender) shall be secured by:
1.Second pari-passu charge on all current
assets of the Borrower.
2.Second pari-passu charge ... together with all
accretions thereon of the GEL. There is Second pari-
passu charge on all current assets of the GEL as per
Schedule
pari pasu charge over
all the moveable fixed assets of FEMC Pratibha and/ or the project
both present and future; first ranking pari passu charge ... borrower and/or the Project both present and
future; first ranking pari passu charge over all the bank accounts
of FEMC Pratibha
Miscellaneous
Provisions Act, 1952 or any other Act providing a first charge pertaining to
payment to workmen is wholly contrary to the provisions ... period of 24 months, and further giving such
debt a pari passu charge with the debt of the secured financial creditors.
The intent behind
SFCs
cannot exercise the right under Section 29 ignoring a pari
passu charge of the workmen.'
The view taken therein was reiterated
facility to
the financial creditor the lender (IDBI) had created
a pari passu charge in respect of movable and
immovable property belonging to the Principal
facility to
the financial creditor the lender (IDBI) had created
a pari passu charge in respect of movable and
immovable property belonging to the Principal
facility to
the financial creditor the lender (IDBI) had created
a pari passu charge in respect of movable and
immovable property belonging to the Principal
facility to
the financial creditor the lender (IDBI) had created
a pari passu charge in respect of movable and
immovable property belonging to the Principal
