Legal Question in Credit and Debt Law in India

I/We am/are NBFC company, I have done legal of my borrower property ( Property is based in Karnataka) who is giving this property as collateral. He is taking a loan from us, So we would want to do equitable mortgage. He has only his original sale deed which is done just 2 years ago, but does not have previous seller original sale deeds. Title flow of the property is good.. Should I have to take over all those original sale deeds those transacted in the least 13 years along with equitable mortgage registration..? or Recent sale deed is enough with MOTD registration...? Please help..

Asked on 6/26/15, 8:30 am

Fca Prashant Chavan Expert Edge LLP

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27.06.2015

Dear Sir / Madam,

It is advisable, preferable and legally safe in your interest to procure the chain of past sale-purchase property documents from the borrower.

Regards,

Answered on 6/27/15, 4:28 am

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