"Equity" is a recognised principle under the common law. Equitable mortgage can be created by deposit of title deeds only at Presidency and notified towns. It does not require signing of the State Governments have levied stamp duty on Memorandum of Entry which is not an instrument. Levy of stamp duty defeats the purpose of raising loans against the security of Equitable mortgage which
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brijendra
at
5:33 PM on October 17, 2008
