In the year 2020, we filed CHG-1 (covering immovable properties) to meet the lending requirements of two Banks.
Subsequently, in the year 2025, wrt the SRN of 2020, we are now filing CHG1 to give additional security coverage ( first pari passu charge for working capital & second pari passu charge for term loan), as suggested by Lender Banks.(not consortium)-although the loan amount got reduced and the market value of properties mor .
My reading is that the modification in the CHG-1 Form, which is used for the registration of charges, does not impact the original SRN (Service Request Number), as the SRN is a unique identifier for the original filing. However, any modification to the charge details would require a fresh filing to reflect the changes in the base documents. say Fresh Charge followed by satisfaction of charge (original SRN of 2020). As modification is not giving the changed scenario but a twist .
Your advice please.
