room and guard
room etc. This unit has been mortgaged as primary security to the consortium of
banks.
Ref. Case ... accept the offer due to which the
assets mortgaged as primary security could not be sold for maximum realization of
proceeds. Afterwards the plant
that it was the
Guarantee Agreement which was the principal and primary
security and that the Deed of Trust and Mortgage was a
collateral ... interest etc. "as primary obligor and not as surety
merely" that agreement become the principal or the primary
security. It is the real
valuable properties/assets of the said Company were given as "primary security"
by creating equitable mortgage with the respondent, totally valued ... submitted that the action of
the Bank not to realise the primary security interest while it is sufficient, but
relinquishing it and simultaneously coming against
taken on the security of
receivable from OSIL. This was the primary security provided by Torsteel Services
Limited and the loan was guaranteed by Torsteel ... that UTI Bank had given the loan being satisfied that the
primary security given by the loanee is adequate and may be the Bank
Unlisted shares of Tata Tele Services (Indian Company) was taken as
primary security. As collateral security, pari-passu charge of third party ... were taken as primary security. For subservient charge, M/s Win Wind
Power Energy Pvt Ltd, a subsidiary Company of M/s.WWO in India
Allahabad Bank. These transactions
resulted in the loss of primary security for the Bank against
the discounted bills. The 1st accused, in furtherance ... release of the goods transported, since the goods are the
primary security for the amount advanced by the Bank. In
the instant case, copy
dated 12.04.2013.
4. At the time of sanction of loans, the primary security was equitable mortgage of 359 plots, admeasuring 9.38 acres and super built ... above plots. During the sanction of cash credit limit, the primary security was modified into equitable mortgage of 284 plots, measuring
against the primary security and then against the collateral security is wholly misconceived. A bare perusal of the definition of 'security interest' which ... creditor and includes any mortgage.
Collateral security means a security given in addition to the direct security/primary security; an additional security given
further assurance is given and where the principal or primary security is duly stamped, maximum duty payable upon such collateral/auxiliary/additional security will ... maximum or
mentioned purpose where (rupees two-
the principal or hundred.)
primary security is
duty stamped.
At the end of this article, exemption are provided
brought by the agent and the dealers firm
without adequate primary security and by accepting fake and fabricated
documents. Thereby, they caused a wrongful loss ... supplied. Shri V. Kannan has not ensured the creation of
Primary security for the advance financed to the borrower. The power tiller was
also
