Legal Question in Banking Law in
Bank "A" has the first charge over a land and issues NOC to Bank "B" for creating first charge over the flats to be constructed over the said land. The builder defaults. Can Bank "B" claim pari-passu charge over the land?
Asked on 9/08/10, 4:32 pm
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
yes, after the charge of A is satisfied.
Answered on 9/08/10, 11:48 pm
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