mentions as follows:
"Collateral Security:
• Term loan limits are secured by Paripassu second
charge on the current assets and the working capital
limits ... Paripassu second charge on the Fixed Assets
of the Company.
• Pledge of 50% of the Promoters share holding in the
Company.
• DSRA account of ensuing
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
Form no. I Part-V of the Application it is mentioned that
Paripassu First charge of all movable and immovable assets of the
company both
Form no. I Part-V of the Application it is mentioned that
Paripassu First charge of all movable and immovable assets of the
company both
Form no. I Part-V of the Application it is mentioned that
Paripassu First charge of all movable and immovable assets of the
company both
Form no. I Part-V of the Application it is mentioned that
Paripassu First charge of all movable and immovable assets of the
COMPANY APPEAL
principles mentioned in section 54 of the Act is to be applied
paripassu to section 54F of the Act. In view of the aforesaid judicial
2022 and our decision rendered
therein will apply paripassu to other appeals in the case of Shri
Chanderlal Bulchand Ambwani
2022 and our decision rendered
therein will apply paripassu to other appeals in the case of Shri
Chanderlal Bulchand Ambwani
