Jindal Saw Limited — Others, 13-06-2025: Title Search Report

Jindal Saw Limited owns a 9.05-acre industrial property in Gujarat with a clear and marketable title. Originally agricultural land, it was converted for industrial use in 1999. The property is currently mortgaged to ICICI Bank and consortium lenders under multiple charges worth several thousand crores. There is pending litigation on an old probate appeal, which does not impact the company’s ownership or mortgage rights. The asset is compliant with SARFAESI provisions, supporting lender enforcement if necessary, and there are no legal barriers to further mortgages on the property.