cover the remaining default outstanding principal amount actually disbursed amount on paripassu basis upto the maximum guaranteed amount. (2) The implementing agency shall finalise
ICICI BANK 902.cp.511.2014.doc
September, 2009 creating a first paripassu charge over its fixed
assets and second paripassu charge over its current ... memorandum of
entry dated 18 September, 2009 creating a first paripassu charge in
respect of all its immovable properties. To secure the Petitioner, the
subsidiary
assessee.
[Para 16]"
4.1 As the provisions of section 115JA are paripassu with the
provisions of section 115JB, respectfully following the principles
laid down
since the secured assets are charged by the respondents-banks on 'paripassu' basis, under the consortium arrangement.
11. In the above circumstances
Since the provisions of section 25 WT
Act are in paripassu to the provisions of section 263 of IT Act,
therefore, these principles will equally
cover the remaining default outstanding principal amount actually disbursed amount on paripassu basis upto the maximum guaranteed amount. (2) The implementing agency shall finalise
