HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR S.B. Company Application No. 12/2018 M/s Karnav Leather Chemicals Ltd ----Petitioner Versus Provisional Liquidator And Ors ----Respondents Connected With S.B. Company Petition No. 29/2003 For Petitioner(s) : Mr. K.K. Sharma, Sr. Adv. With Mr. Amol Vyas For Respondent(s) : Mr. Atma Sah, OL Mr. Vijay Choudhary with Mr. Ransingh Gurjar Mr. Vikash Jain with Mr. Shashank Jain HON'BLE MR. JUSTICE MAHENDAR KUMAR GOYAL

Order

08/08/2025 On last date, i.e., 25.07.2025, learned counsel for the respondent-Canara Bank, after arguing for some time to establish that every party including it intended to create pari passu charge, prayed for and was granted time to demonstrate that mere intention of the parties to create the pari passu charge is sufficient for its creation. Today, he fairly admits that he could not find such law/citation. Rather, learned counsel for the applicant, relying upon a Division Bench judgment of the Hon’ble Telangana High Court in the case of Andhra Pradesh State Financial Corporation, Mahabubnagar vs. Kotak Mahindra Bank, Hyderabad and Others: AIR 2019 Telangana 53, would submit that for creation of the pari passu char