Immovable Property :
Before advancing money on mortgage of immovable property, the lending bank has to satisfy itself that the borrower has a clear and
unencumbered title to the property, and that the property is marketable and adequately insured. For this purpose, banks also ascertain whether the
property in question has already been mortgaged to any other financial institution and if so, the details of the charges already created on the property. In respect of advances to public companies against the mortgage of a block of assets, it is essential that the provisions of section 180(1)(a) of the Companies Act, 2013 need to be kept in view.