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Can a company register inferior ranking charge instead of
pari passu charge as security ?
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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.
| Is This Answer Correct ? | 1 Yes | 2 No |
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