enhancing the
loan to Rs.18.60 Crores was rejected and paripassu charge
was created to the State Bank of India (SBI). The loan
account ... availed by the respondent from the SBI, subject to
paripassu charge on the immovable properties, which were
mortgaged by the respondent with the appellant
shares of Rs. 10/- each at par as fully paid up
ranking paripassu with the existing equity shares in all respect.
The first accused company
shares of Rs. 10/- each at par as fully paid up
ranking paripassu with the existing equity shares in all respect.
The first accused company
claim by the
Official Liquidator as its claim was not kept in paripassu with the claims of the
other secured creditors in respect
Clause (c) of the proviso to Sub-section (1) of Section 529 paripassu with such dues,
shall be paid in priority to all other debts
petitioner only vide memorandum dated 30th May, 1991 and thus not paripassu with the grounds of detention. On this ground alone the detention order cannot
document to be served on the detenu paripassu the
order of detention. However, that document was also served on the
detenu. Learned ADGP submitted that
equal proportions.
11. The provision requires the apportionment of the amounts paripassu
and equally, qua the secured credit and the workmen. In the present case
State
Government shall also be a first charge on the property mortgaged
paripassu with the charge of the financing institution. Sub-clause (iii) of
clause
guarantors was found to be defective. Registered mortgage property was created on PariPassu basis with ICICI Bank
