Legal Question in Banking Law in
Should the Par-Passu be for 100% security or it can be of any part of the security?
Asked on 7/29/10, 1:32 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Pari passu means equal with another creditor having a charge over the same property. It depends upon the value of the property whether it is sufficient to satisfy all charge holders over the same.
Answered on 7/29/10, 6:59 am
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