Civil Procedure Code (CPC)

What is equatorial mortgage & procedure ?

HR - PROFESSIONAL

Dear EXPERTS,

URGENT

 

One of the firm has purchased another firm. For this the shares and every thing changed and all the dues from Bank etc also for all statutory things cleared , now they need E.M actually what is E.M what is the procedure . While obtaining the clearance from the APIIC.

Regards,

PBS KUMAR

 
Reply   
 
Lawyer/Fight for justice

I think you required equitable mortgage not equitorial mortgage.....

A mortgage in which the lender is secured by taking possession of all the original title documents of the property that serves as security for the mortgage. It gives the mortgagee the right to foreclose on the property, sell it, or appoint a receiver in case of nonpayment.

 
Reply   
 


HR - PROFESSIONAL

Dear Mahesh ji,

May be you are correct. So please give your further suggestion for my quarry above.

Regards,

 

PBS KUMAR

 

 
Reply   
 
HR - PROFESSIONAL

Dear Mahesh ji,

May be you are correct. So please give your further suggestion for my quarry above.

Regards,

 

PBS KUMAR

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Civil Litigation Course     |    x