(i) Distinguish between Equitable Mortgage and Registered Mortgage. (ii) (a) It makes better business sense to create an equitable mortgage by way of deposit of the title deeds, rather than creating a registered mortgage, from the point of view of the borrowal companies, as also that of the financing bankers. Do you agree? Give reasons for your answer. (b) Would the position be any different in the case of equitable mortgage created by proprietary and partnership firms? Give reasons for your answer, citing suitable provisions of law prevailing in India.

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i Equitable Mortgage vs Registered Mortgage Equitable Mortgage Creation It is created by depositing title deeds of the property with the lender without executing any formal mortgage deed Legal Formali... View the full answer