Legal Question in Banking Law in India
What is a lead bank in consortium finance arrangement where asssets are in pari pasu charge.
Asked on 1/13/13, 11:25 pm
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
approach a local lawyer
Answered on 1/14/13, 12:24 am
Fca Prashant Chavan
Expert Edge LLP
14.01.2013
Dear Sir / Madam,
In consortium finance, the primary bank through whom finances are initially procured by the Company is known as the "lead" bank.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
Answered on 1/14/13, 5:20 am
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