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What is equitable charge?

Registration Corporate Finance Internal Audit Banking
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Question added by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date Posted: 2014/01/17
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Subhabrata Chakraborty
by Subhabrata Chakraborty , Strategy Manager (Finance) , Ericsson India Global Services

In case of non payment, the creditor with equitable charge can issue judicial procedure. But it doesnt pass the ownership. The property stays with the debtor

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