Legal Question in Banking Law in Pakistan
what is meant by 2nd or third pari passu charge? please explain by example.
Asked on 12/14/13, 2:42 pm
1 Answer from Attorneys
if a property is being mortgaged as security for financial borrowing for more than once to more than one lenders and it comes down to liquidate the mortgaged asset than the term may apply that all the mortgagee will be reimbursed at pari passu
Answered on 12/16/13, 8:31 am
Related Questions & Answers
-
*** A person who is government employee maintaining a bank account where his salary... Asked 12/08/13, 10:55 pm in Pakistan Banking Law
-
Will the deceased brothers and sisters also have their share in his bank account in... Asked 12/03/13, 8:57 pm in Pakistan Banking Law
-
Can running finance facility availed against shares of the company Asked 10/29/13, 6:50 am in Pakistan Banking Law
-
Can Runnng Finance Facility availed against preference shares of the company Asked 10/29/13, 6:48 am in Pakistan Banking Law
-
What laws and regulations govern period of 6 months related to validity of cheques... Asked 9/26/13, 10:37 pm in Pakistan Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
