Pari Passu charge refers to a charge | Faculties

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Mr. Dubey

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Q. Pari Passu charge refers to a charge

(A) ranking in priority, regardless of quantum of advances
(B) merely notional in nature
(C) ranking equally in priority in proportion to the lender’s share of advance
(D) none of these

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✅ Correct Answer: (C) ranking equally in priority in proportion to the lender’s share of advance

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