Legal Question in Banking Law in India

ceding letter in Pari passu is issued by whom


Asked on 3/28/16, 11:12 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

29.03.2016

Dear Sir / Madam,

The letter ceding pari passu charge is issued by the existing charge holder(s).

Regards,

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Answered on 3/29/16, 3:22 am
J. Radhakrishnan independent Practice

It is issued by a charge holder having priority in favor of a subsequent charge holder(s)

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Answered on 3/30/16, 10:38 am


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