Charge creation
This query is : Open
15 January 2016
Dear CS Experts,
Can I Sell a property on which I had created charges by hyphenation agreement with lender.
Provided, I had not filed CHG-1 with MCA and 300 days already elapsed. Since the Charge amount is small paltry of amount and the procedure to follow for creation of charges after expiry 300 days is little complicated.
So, To avoid the burden of compliance, Can I Sell the property and pay in full to the Lender..?
Please be give specific answers along with Case Laws if any.
Can I Sell a property on which I had created charges by hyphenation agreement with lender.
Provided, I had not filed CHG-1 with MCA and 300 days already elapsed. Since the Charge amount is small paltry of amount and the procedure to follow for creation of charges after expiry 300 days is little complicated.
So, To avoid the burden of compliance, Can I Sell the property and pay in full to the Lender..?
Please be give specific answers along with Case Laws if any.
18 January 2016
It will be non compliance dear.
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