Can LLP partnership firm hypothecate the property belongs to it for Loan taken by another Partnership Firm registered under Partnership Act.
One of the partner of LLP is also a partner in Partnership firm.The lending bank has arranged Board resolution copy for its safety because there is no such clause in either of firm's Partnership deed...
LLP firm hypothecate its property for Loan taken by another Partnership Firm
Kesavaraj S (580 Points)
27 March 2022