Remember | Register | Forgot Password?
Bookmark This Page   RSS Feeds  Follow On Twitter

 

Search for Lawyers          
    

Home > Community > CORPORATE LAWS (Company Law,LLP,SEBI,Competition etc..) > Forum



Please Wait ..


CORPORATE LAWS (Company Law,LLP,SEBI,Competition etc..)





Recent Members
Rahul Kapoor, CA LLB Shailendra Kumar Lal, Hemant Meghwal, RSJ LexComply, Member (Account Deleted), Priyank Dalicha, Legal Assist Advocates, rohit s, nandiadinavar, Alok Kumar Kuchhal,

COMMUNITY Forum

By : anand das
On : 10 August 2011

charge on land

Lessor 'A' has given  two  acres of his own land on lease to a Lessee 'B' to set up industry. 'B' avails loan from a bank to set up his industry and thus  'B' mortgages his leasehold rights to the bank. ‘B’ wants to sub-lease one acre of land out of the said two acres of land to a sub-lessee ‘C’.

1. Is bank’s NOC  required to give one acre land on sub-lease basis to sub-lessee ‘C’ ?

2. Is it mandatory to vacate the charge on one acre of land to be given on sub-lease by the bank before giving it on sub-lease to ‘C’. ?

3. Is it legal/general practice to vacate charge by a bank in such cases or it is unwarranted?

pls guide

 

You need to be logged in to post reply

Browse Communities By Category





Quick Links








web analytics