what is satisfaction of charge?

what is satisfaction of charge? section 82
Replies (1)

Charge is created as security for loan or debentures or as security for some other purpose. If the amount of loan is repaid or debentures are fully paid or other purpose is fulfilled, there remains no necessity of the charge. This is called satisfaction of charge

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register