https://www.taxtmi.com/caselaws?id=796275 Assignment of a bank's loan, rights and existing mortgage security to a reconstruction company does not create a fresh mortgage, charge or encumbrance over immovable property. The Panchayat and Municipal stamp-duty provisions governing specified transfers or mortgages of immovable property therefore do not apply to such an assignment. A notification under the Indian Stamp Act separately prescribes duty on loan securitisation or assignment of debt backed by immovable security, calculated on the loan or debt assigned rather than property market value. Requiring further mortgage-related duty would duplicate recovery and result in unjust enrichment; no duty beyond that payable under the assignment-deed notification is chargeable. en-us Wed, 08 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796275 Assignment of a bank's loan, rights and existing mortgage security to a reconstruction company does not create a fresh mortgage, charge or encumbrance over immovable property. The Panchayat and Municipal stamp-duty provisions governing specified transfers or mortgages of immovable property therefore do not apply to such an assignment. A notification under the Indian Stamp Act separately prescribes duty on loan securitisation or assignment of debt backed by immovable security, calculated on the loan or debt assigned rather than property market value. Requiring further mortgage-related duty would duplicate recovery and result in unjust enrichment; no duty beyond that payable under the assignment-deed notification is chargeable. Case-Laws Indian Laws Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796275