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mortgage of property

This query is : Resolved 
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(Querist)
23 February 2008 hello,



can any one tell me - whether agreement to mortgage the property ,does it amounts to creation of mortgage and can such property be considered as secured asset and can a bank proceed against such property under Securitisation Act, 2002.


waiting for reply as early as possible.




saritha
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sarithareddy

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sarithareddy (Querist)
23 February 2008

in general can anyone solve my query
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
23 February 2008 Mere agreement to mortgage without actually creating mortgage will not tantamount to charge creation.
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