LLP firm hypothecate its property for Loan taken by another Partnership Firm

Kesavaraj S (578 Points)

27 March 2022  
Can LLP partnership firm hypothecate the property belongs to it for Loan taken by another Partnership Firm registered under Partnership Act.
One of the partner of LLP is also a partner in Partnership firm.The lending bank has arranged Board resolution copy for its safety because there is no such clause in either of firm's Partnership deed...