Legal Question in Banking Law in India
what is paripassu second charge in consortium lending
Asked on 8/07/13, 12:47 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
09.08.2013
Dear Sir / Madam,
"Paripasu" means equal charge ... in consortium lending, all the banks / financial institutions have the same charge on the assets of the borrower / securities pledged by the borrower to the lead bank.
Regards,
Answered on 8/09/13, 12:19 am
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