what is satisfaction of charge?
Sanskar Mangal (1 Points)
18 April 2019Sanskar Mangal (1 Points)
18 April 2019
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 18 April 2019
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
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