Now I could understand the matter clearly
the lender is private limited company and partnership firm represented by nominee
as we do in pari passu charge creation
the charge holder could be private limited company, partnerhip firm
repreented by nominee
charge holder can be anybody......ltd. co. individual or firm etc.
company creating the charge .;......should be a co. regd under companies act for the purpose of sec 125
hope you are clear now.
dr vedula gopinath