Is equitable mortgage possible without promissory note? Is it possible not to make a promissory note but to include in the equitable mortgage agreement that money has been taken as loan?
Murtaza Chherawala (Proprietor) 28 November 2009
Yes it is possible. A Demand Promissory note is an additional precaution taken by Bankers and has no bearing on the mortgage per se.
Advocate Murtaza Chherawala
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
