XYZ Ltd has office. building in London the company has been granted a term loan of rs 15crore from a bank the company wants to mortgage office building of London answer the following question
1.whether the company can mortage the above office building?
2.whether a charge can be created for property situated outside India?
charge" means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes mortgage
1. yes
2. yes
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