Legal Question in Banking Law in India
We advise that we are enjoying Cash credit facility with SBI for Rs.3.75 Crore. Now the limit has been enhanced to Rs.3.95 Crore (enhanced portion Rs.0.20 Crore). Total exposure is secured by 5 properties in the name of two different persons. At the time of Equitable Mortgage Stamp duty was paid by mortgagor for Rs.10000/- each for two EMs.
Please advise us the stamp duty required for enhanced portion towards extending of charge over the mortgage properties for each EM.
Asked on 2/24/12, 3:02 am
1 Answer from Attorneys
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