Legal Question in Real Estate Law in India

Sanjay Ji

adab

please do not misguide people by giving wrong advice. people act on the advice given by your goodself. agricultural land cannot be put as collateral security.

7. SECURITY DOCUMENTS (Loan is available only against Collateral Securities)

Mortgage of Immovable Property (Building and non-agricultural land) or National Savings Certificates, Government Bonds, Bank's Term Deposits, Assignment of Life Insurance Policies standing in the name of borrower/ proprietor/partner/ director.

please do justice to your profession.

thank you


Asked on 11/02/12, 3:48 am

1 Answer from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

You seem to be a FRUSTRATED lot ,who has no knowledge of law or Banking laws but still keen to comment . Your Inane statement actually do not need any reaction from my side. Have you heard about loan against property ? Do you know what DRT means ? Are you aware may litigation is pending against agricultural lands in DRT by Bank for recovery of their loans etc ? I wish i could tell you this english saying which goes like this " Dont teach your father -------------------" anyway next time. Be a man, if you are one , which i doubt to call me and discuss your legal problems and not on this public forum .

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Answered on 11/03/12, 2:56 am


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