CreditWiseConfident Decisions

Pari-Passu Agreement

Legal contract binding all lending consortium members and the borrower regarding shared security ranking.

Agreement Designer

Step 1 of 3
1
Agreement
2
Loan
3
Consortium
Primary Execution Details

2026 Compliance

Pari-Passu ranking must now be explicitly registered with NeSL for digital charge recognition.

  • Ensures proportional distribution of recovery proceeds.
  • Custody remains with Lead Bank under modern DDE protocols.
Legal Takeaways

No preference in ranking despite dates of individual bank sanctions.

Joint charge creation requires unified ROC filing (Form CHG-1).