suraj 09 June 2015
Ajit Singh Cheema (practising Advocate) 10 June 2015
No its not mandatory.
Dr J C Vashista (Advocate) 10 June 2015
What do you mean by a "third party mortagagor"?
Ajit Singh Cheema (practising Advocate) 10 June 2015
A raises loan against property from Bank B , the loan is srecured against the property of C , who mortgages his property.
Here C shall be a third party Mortgagor.