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Can a company register inferior ranking charge instead of
pari passu charge as security ?



Can a company register inferior ranking charge instead of pari passu charge as security ?..

Answer / pc kumar

Yes, a company may register inferior ranking charge by
mentioning in the charge document. However, this
arrangement should be ageeed by all other charge holders.
Since inferior charge creation is beneficial to other
charge holders, the other charge holders may not raise any
objection.

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