Land Revenue Matter
I intend to establish a warehouse on Mumbai Nasik Highways for which I have purchased sufficient agricultural land from the local resident. I will submit application for change of use allowing the land to be used for non agricultural purposes. While approaching for finace to some private financier against the mortgage of title deeds registered in my name and obtained from the agriculturists, it has been objected by the Law Officer of the financier that an Agricultural Land can not be legally mortgaged because there is a bar under the provisions of the the Bombay Tenancy and Agricultural Land Act,1948. Please advice me giving details of relevant provisions and also some legal decisions of the High Court or Apex Court in the matter.