towards purchase of land and machinery. There was an arrangement of
Paripassu on 30.04.1984 among the defendant, S IPC OT and Canara
Bank for sharing ... plaintiff is a
chronic and willful defaulter. As per the Paripassu arrangement dated
30.04.1981, the plaintiff
meaning given to the expression "a residential house" will apply paripassu to Sec.54F also, since the expression used here is also ... Karnataka High Court in the above-said decision, would apply paripassu to Section 54F also. Hence, the Tribunal came to the conclusion that the assessee
essential condition was retained, namely, that persons applying for distribution paripassu must have made applications to the Court for the execution of decrees before
since the secured assets are charged by the respondents-banks on 'paripassu' basis, under the consortium arrangement.
11. In the above circumstances
company (both existing and future assets.)
Plant and Machinery etc.
Paripassu first charge on the entire current assets of the 1st defendant company along with ... State Bank of India (existing and future assets).
Second Paripassu charge in the entire block assets of the company along with State Bank of India
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
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
equal proportions.
11. The provision requires the apportionment of the amounts paripassu
and equally, qua the secured credit and the workmen. In the present case
respondent
No.5 is a formal party, as there is a “Paripassu Arrangement” between the
petitioner and the fifth respondent. The fifth respondent is also ... concerned, they are only a formal
party, as there is a “Paripassu Arrangement” between them and the petitioner
with regard to the loan availed
Property
Act. The borrower company, guarantors and corporate guarantors had
created paripassu charge on entire current assets including stocks,
stocks in trade, receivables, consumable stores
