consent of
the PNB in this regard, though it had pari passu charge on the secured assets
mortgaged with both the banks. It is further ... fixed assets for which both the banks have given
consent for pari passu charge and insofar as the movable properties are
concerned, he has referred
self-same project and both the lenders
have a pari passu charge over the securities created in respect of the
property in question prior ... crores was disbursed. In
consideration of availing of such credit facilities pari passu charge was also
created and necessary creation of charge documents were filed
dues. The said security is subject to a
pari passu charge with workers and workmen dues and secured creditors
dues are pari passu. Learned counsel ... case where a security is subject to a
pari passu charge with the workers and thus on the facts of the instant
case Section 529A
five unnumbered provisos to Section 13(9) which deal with pari passu charge of the workers of a company in liquidation. The first of these
City Group Investors Welfare ... vs The Official Liquidator Of City Realcom ... on 9 June, 2017
The Official Liquidator High Court ... vs City Limouzene (India) Ltd on 9 June, 2017
Author
The Official Liquidator High Court ... vs Aryarup Tourism Club Resorts Pvt.Ltd on 9 June
The Official Liquidator High Court ... vs City Limouzene (India) Ltd on 9 June, 2017
Author
salary of the
workmen as secured creditors takes pari passu charge with the other
secured creditors. If the State has to bear financial burden
creditors and contributories but also workmen who
would have pari-passu charge thereon.
19. It is submitted that since the leasehold rights of the
respondent
