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equitable mortgage on agricultural property

Querist : Anonymous (Querist) 24 December 2009 This query is : Resolved 
Further to my query, can equitable mortgage be created by a financial institution on agricultural land for a loan (as per RBI guidelines the same is treated as Indirect Agri finance)granted by the bank to a corporate firm in Mahdya Pradesh. That is to say, can EM on agri land be created in MP for a agri loan granted to a corporate?
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Ajay Bansal (Expert) 26 December 2009
Why not.

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