We four family members jointly owns a piece land which has been leased to partnership firm
consisting of two out of four family members. The land has been leased for fifteen years and
for the purpose of setting up of a factory. The lease is duly registered and entered in revenue
records
Now my questions are as below:
Can this partnership firm who is leaseholder approach banks for loan for setting up of factory
and for running it ?
What is the procedure of creating equitable mortgage on this same piece of land and making an entry
of it in the revenue records? Title holders and leaseholder are essentially the same person and there
is concurrence in their intentions
Please guide me in this ragard
