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created on 01.06.1994. 13. As there were seven secured creditors who held paripassu charge on the company's assets including land under acquisition ... from NHAI because it got diverted at source because of pre-existing paripassu right of banks and financial institutions created by joint equitable mortgage executed

already commenced and without association of the official liquidator, who represents the paripassu charge holder; the appeal was accordingly dismissed. In Rajasthan Financial Corporation

judis  O.P.No.402 of 1998 guarantee. Further, there was a paripassu agreement between the petitioner/Corporation and 'Tamil Nadu Industrial Investment Corporation ... paripassu agreement, the petitioner-Corporation received a sum of Rs.1,80,700/- from TIIC towards the sale of plant and machineries