held that ONGC was entitled to paripassu distribution from the funds available with the Official Liquidator.
9.5 Strong reliance was placed on definition ... every Secured Creditor shall be deemed to be subject to a paripassu charge in favour of the Workmen to the extent of the Workmen
Petitioner and Ann. D
sending the drafts of Memorandum of Entry and
Paripassu Agreement for approval by the Respondent
No.2 for creating pari-passu ... structures, erection and godowns the
and anything attached to the earth for paripassu first Affidavit
charge in favour of the Respondent No.1 for Term
Urmila Naresh Mittal vs Union Of India And Ors. on 29 October, 1996
Equivalent citations
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
sale proceeds be distributed between the secured creditors and workers on paripassu basis for which Kamdar Ladat Samiti shall not have any objection
