them to respondent No. 1 along with the petitioners No. 1 on paripassu basis. The petitioners consequently filed the present petitioners under
credit
facilities were secured by equitable mortgage
by way of first paripassu charge on the
property situated at Survey No.95/1, Mouje
Bholav, Taluka
Petitioner had ceded its first charge from the
mortgaged property on Paripassu basis in favour of the
Maharashtra State Financial Corporation, who had also
granted
essential condition was retained, namely, that persons applying for distribution paripassu must have made applications to the Court for the execution of decrees before
Aashish Jhunjhunwala & Ors vs Kshitiz Chhawhharia, Rp Of Ramsarup ... on 4 March, 2021
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Defendant No. 6) and the Defendant Nos. 1 and 6 would have Paripassu charge over the suit property. The plaintiff took loan from the Defendant
must, under sections 98 and 133 , be applied the liquidator in payment paripassu of all the creditors then unpaid, yet property which is in mortgage
already commenced and without association of the official liquidator, who represents the paripassu charge holder; the appeal was accordingly dismissed.
In Rajasthan Financial Corporation
deemed loan on making available security of fixed assets of the industry, paripassu with financial institutions and on finalization of assessment by the Commercial
workmen and that due to the secured creditors are to be treated paripassu. The dues of the workmen have to be treated as prior