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4.The further case of the petitioner is that the borrower https://www.mhc.tn.gov.in/judis company, guarantors and corporate guarantors had offered their immovable properties as collateral security by depositing the original title deeds with an intention to create equitable mortgage in favour of the consortium Banks in terms of Section 58(1) of Transfer of Property Act. The borrower company, guarantors and corporate guarantors had created paripassu charge on entire current assets including stocks, stocks in trade, receivables, consumable stores and spares and hypothecation of machines and fixed assets in favour of the consortium Banks.