cpc

deposit of title deeds

barrister

Hello Learned Members of the Bar

In Encumbrance certificate, there are two entries  with respect to the same property 

1st Entry - Deposit of Title Deeds if loan is repayable on Demand -  Amount Rs.50,000

2nd Entry - Deposit of Title Deeds -  Amount Rs.1,00,000

So what does this mean and what is the repayable amount ? 

Is the repayable amount  = 50,000 + 1,00,000 = 1,50,000 

OR 

Is the repayable amount  = 1,00,000 - 50,000 = Rs. 50,000

Kindly clarify. 

Thanx a lot in advance

 

 
Reply   
 

It shows that he has taken loan twice i.e.50000+100000=150000.if he has discharged the loan amount 50000then it will be mentioned in it. That means the party has taken 100000 rs additional loan with previous 50000.pleaze verify it.

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subregistrar/supdt.(retired)

Sir, the total loan repayable is Rs.1,50,000/-.


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Reply   
 

first entries is deposit of title deed and second one is supplemental deposit of title deed for additional loan .so repayable amount 1,50,000 /-

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