Legal Question in Business Law in India

Lender A provided loan to borrower B. One immovable property not provided to A as security. Can the registered charge be modified or rectified? How?

Further, subsequent lenders have charge on borrowers asset after A without A's knowledge. Are the subsequent charges valid?


Asked on 4/17/14, 4:20 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

18.04.2014

Dear Sir / Madam,

Today is Good Friday ... two days to the Resurrection of Jesus Christ.

Yes, a borrower is entitled to create more than one charge on his property.

Regards,

Read more
Answered on 4/17/14, 7:08 pm


Related Questions & Answers

More Business Law questions and answers in India