every secured creditor shall be deemed to be subject to a pari passu charge in favor of the workmen to the extent of the workmen ... true and applicable in the case of a mortgagee and a pari passu charge-holder over the same security for Realizing the security. The realisation
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
amount of provident fund, be distributed
between GIIC and BOB having pari passu charge over the assets.
The BIFR consequently called upon ... AAIFR.
The AAIFR noted the undisputed fact of there being pari passu
charge over the factory premises and in view of the escalation of dues
charge or security of a
specific asset, had a pari passu charge on the other fixed or moveable
CO. APPL. Nos.1529/2013 & 1688 ... addition to the asset secured to
them, a first pari passu charge on all the other fixed assets of the
CO. APPL. Nos.1529/2013
lakhs on condition that Shama Forge shall give a pari passu charge to the extent of Rs.32 lakhs with interest and all costs, charges ... Ifci was also made a defendant because of the pari passu charge on the land and buildings and plant of Shama Forge.
(10) Civil Misc
every secured creditor shall be deemed to be subject to a pari passu charge in favor of the workmen to the extent of the workmen ... enforcing the charge by selling the security against which such charge is created. None the less, it creates a "pari passu" charge
every secured creditor shall be deemed to be subject to a pari passu charge in favor of the workmen to the extent of the workmen ... since he is entitled to represent the workmen, and enforce their pari passu charge. For achieving this also, it will be necessary that the proposed
without the consent of the official liquidator representing workmen for the pari passu charge in their favor under the proviso to Section ... Court for appropriate directions to the official liquidator who is the pari passu charge holder on behalf of the workmen. In any event, the official
incorporation of Section 529A
in the Companies Act, 1956 , a pari passu charge on the security of the
secured creditors, in favour of the workmen ... Financial Corporations Act has to be exercised
with the right of pari passu charge to the workmen created by the proviso to
Section
every secured creditor shall be deemed to be subject to a pari passu charge in favor of the workmen to the extent of the workmen ... since he is entitled to represent the workman and enforce their pari passu charge. For achieving this also, it will he necessary that the proposed
