Supposing NRI's have invested in a business in India by way of giving loan. The loan is backed by a security i.e. agri land in India. Is it possible for the NRI's to acquire the agriculture land in India if there is failure on the part of the borrower to repay the loan? Kindly clarify .
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A R JADHAV AND ASSOCIATES
Mumbai
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SKAA & Associates
New Delhi
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Chirag N Shah & Associates
Mumbai
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Interactive Media Pvt Ltd.
New Delhi
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Rajkot
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