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Lean on land belongs to state cooperative corporation

(Querist) 21 July 2016 This query is : Resolved 
respected Members,
my Co has entered in agreement with J&K Co_operative Housing Corporation Ltd. for development of 340 acre housing project in Jammu,now we are seeking loan from Banks for the project,
My query is, can J&K CHC ltd. lean the land as security to bank where we have 80% share in project
awaiting your valuable advice
with warm regards
Rakesh Yadav
9811923933
9811923936
yrakkesh@gmail.com
Report Abuse
P. Venu (Expert) 21 July 2016
The matter requires professional consultation.
adv.bharat @ PUNE (Expert) 22 July 2016
consult property lawyer.
Rajendra K Goyal (Expert) 22 July 2016
Professional query, no reply.

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