Mortgage creation

We are Pvt. Ltd. Co enaged in manufacturing of Machines and Molds, we want to purchase leasing interest in the adjacent MIDC plot from the original lease holder. he has mortgaged the plot with Bank , we will pay the Mortgage amount directly to the Bank and Bank will release the title deed. there will be time gap between release of title deed from Bank until we transfer the plot in our favor after taking necessary permission of the MIDC. We have already entered into unregister MOU for the transaction , now in order to ensure performance from seller we wish to create charge/ mortgage on the property once the Bank release the same. is it legally possible to create charge on such property by Pvt. Ltd. Co. or only banking companies are allowed to create charge. further please confirm whether this transaction is legally possible.