Legal Question in Banking Law in Pakistan
Is Ranking charge and First Pari Passu charge in nature same or otherwise?
Asked on 5/15/16, 11:14 pm
1 Answer from Attorneys
Sheikh Mohammed Akram Nazir
Akram Nazir Law Chamber
pari passu charge means that all considered with equal power and state. whereas the ranking charge takes on a rating in terms of its preference.
Answered on 5/16/16, 11:54 am
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