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kamalakar sawant (director)     22 March 2015

Lifting lien chargr on property motguaged to bank

A Director of Limited co  has mortguaged his  agricultural land to bank against the loan of Rs.20.00 lacs taken by a limited company. Government value of land was Rs.2:00 lacs. The company is gone in Liquidation. How to get the Land released from the bank by. Please guide . K.Y. Sawant


 2 Replies

Adv Akhtar Ali Sheikh (Property Law Consultant)     22 March 2015

The bank will not release the land unless it gets its money. It may be put to auction by bank through arcil or dry.

Om Prakash Shakya (Stenographer)     22 March 2015

Try to add value to the discussion, with your each post.

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