equitable mortgage on agricultural property

Querist : Anonymous (Querist) 23 December 2009 This query is : Resolved
As per the present laws, can equitable mortgage be created by a bank on an agricultural land for a agricultural loan sanctioned by it to a corporate firm

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Adv Archana Deshmukh (Expert) 23 December 2009
Yes

Raj Kumar Makkad (Expert) 23 December 2009
Yes. There is no specific bar in this regard.

Ajay Bansal (Expert) 26 December 2009
Why not.

Khaleel Ahmed Mohammed (Expert) 29 December 2009
Yes.

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