State Bank Of Mysore vs M/S. S.M. Essence Distilleries Pvt. ... on 21 April, 1993
27.In this connection, it is not out of place for this Court to make a pertinent mention that an Equitable Mortgage of a property which lies outside the territories of Notified Towns, can be validly created by delivering the documents of title to a 'Creditor' or his 'Agent' in a Notified Town, vide State Bank of Mysore V. S.M. Essence Distilleries Private Limited, AIR 1993 Karnataka 359.