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proviso to Sections 529(1) and 529A make it clear that paripassu charge in favour of the workmen arises only when the order of winding

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

aforesaid mortgages, charges and assignments shall (i) in all respects rank paripassu interse B. Additional Securities: In addition to the creation of the aforesaid securities

Times Bank by hypothecating the stocks and movables including machinery without obtaining paripassu agreement with Canara Bank was transferred to the account ... name of accused No.1 in October, 1997 without obtaining paripassu agreement from Canara Bank and also the reason for sanction of the said facilities

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

application it is stated that, the KSFC having taken into account the paripassu arrangement with KSSIDC and payments made to KIADB and KEB, worked