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RaviRavi Staff answered 12 months ago

Sec 187 talks about assets should be in the name of company and explains related matters

Sec 187 says that company can give title deeds if they have taken finance.

In this question title deeds are with bank, it’s absolutely fine as per Sec 187

This question never says property is transferred to bank.

Further if company defaults then transfer it possible and auditor should check whether there is default which can lead to transfer

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