Loan against Property in name of Society or Trust

Nilesh Shah (Querist) 16 April 2009 This query is : Resolved
Dear Sir,

I m credit manager in bank. If bank is funding against of property in name of Trust on which Educational Institution is runing whether bank will be able to repossess easily the said property in case of default by Trust/Society?
If No, what can be remedies bank can take at time of finance?

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Y V Vishweshwar Rao (Expert) 16 April 2009
Mr Shah !

Take private individual/pesonal proeprties ,other than Society/Trust proerties, as security

Nilesh Shah (Querist) 16 April 2009
Why we cant take society/Trust Proprty on mortagaged?

What Remedies we can take?

Y V Vishweshwar Rao (Expert) 16 April 2009

The State in which the Society/ Trust properties are situated- may be mentioned !

Manish Singh (Expert) 17 April 2009
dont worry. go ahead. public trust properties goes to no individual even at its dissolution. so you shall be settled in case of dissolution also.