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