Assessee again tried to argue that only a distribution paripassu (in equal
proportion) amongst shareholders can be considered as 'distribution' for the purposes
India Private Limited. The said cash credit facilities were secured by Paripassu charge on Book debts/current assets amounting to Rs.528.16 Crores, pledge
India Private Limited. The said cash credit facilities were secured by Paripassu charge on Book debts/current assets amounting to Rs.528.16 Crores, pledge
India Private Limited. The said cash credit facilities were secured by Paripassu charge on Book debts/current assets amounting to Rs.528.16 Crores, pledge
full 4 years MBBS Course for the above said address by
offering Paripassu charge (along with Andhra Bank) on the land ad-
measuring 25.85 ½ acres
guarantors was found to be defective. Registered mortgage property was created on PariPassu basis with ICICI Bank
counter filed by the respondents reveals that the petitioner had
created first paripassu charge by way of hypothecation of entire current
assets of the Company ... premises. It is pertinent to mention that the
petitioner had created first paripassu charge on the block assets of the
company, namely Plot
considered as the lead case and the decision rendered therein to apply
paripassu to identical issues raised in A.Y 2014-15.
We shall first
considered as the lead case and the decision rendered therein to apply
paripassu to identical issues raised in A.Y 2014-15.
We shall first
direct, unconditional and general
obligations of the Borrower and rank at least
paripassu as to priority of payment to all other
unsubordinated indebtedness
