Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

cyberlawyer (barrister)     06 December 2019

Deposit of title deeds

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

 



 3 Replies

Shashi Dhara   06 December 2019

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.
1 Like

kavksatyanarayana (subregistrar/supdt.(retired))     06 December 2019

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

1 Like

Vijaya Sarathi   08 December 2019

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 /-
1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query