Section 62 – Right of Usufructuary Mortgagor to Recover Possession – The Transfer of Property Act, 1882 Section 62: Right of usufructuary mortgagor to recover possession. – In the case of a usufructuary mortgage, the mortgagor has a right to…
Section 61 – Right to Redeem Separately or Simultaneously – The Transfer of Property Act, 1882 1[Section 61: Right to redeem separately or simultaneously. – A mortgagor who has executed two or more mortgages in favour of the same mortgagee…
Section 60B – Right to Inspection and Production of Documents – The Transfer of Property Act, 1882 1[Section 60B: Right to inspection and production of documents. 60B. A mortgagor, as long as his right of redemption subsists, shall be entitled…
Section 60A – Obligation to Transfer to Third Party Instead of Re-transference to Mortgagor – The Transfer of Property Act, 1882 1[Section 60A: Obligation to transfer to third party instead of re-transference to mortgagor. 60A. (1)Where a mortgagor is entitled…
Section 60 – Right of Mortgagor to Redeem – The Transfer of Property Act, 1882 Section 60: Right of mortgagor to redeem. 60. At any time after the principal money has become 1[due], the mortgagor has a right, on payment or…
Section 59A – References to Mortgagors and Mortgagees to Include Persons Deriving Title from Them – The Transfer of Property Act, 1882 1[Section 59A: References to mortgagors and mortgagees to include persons deriving title from them. – Unless otherwise expressly…
Section 59 – Mortgage When to be by Assurance – The Transfer of Property Act, 1882 Section 59: Mortgage when to be by assurance. 59. Where the principal money secured is one hundred rupees or upwards, a mortgage 1[other than a mortgage…
Section 58 – “Mortgage”, “Mortgagor”, “Mortgagee”, “Mortgage-money” and “Mortgage-deed” Defined – The Transfer of Property Act, 1882 Chapter-IV Of Mortgages of Immovable Property and Charges Section 58: “Mortgage”, “mortgagor”, “mortgagee”, “mortgage-money” and “mortgage-deed” defined. – (a) A mortgage is the transfer…
Section 57 – Provision by Court for Incumbrances, and Sale Freed Therefrom – The Transfer of Property Act, 1882 Section 57: Provision by Court for incumbrances, and sale freed therefrom. – (a) Where immoveable property subject to any incumbrance, whether…
Section 56 – Marshalling by Subsequent Purchaser – The Transfer of Property Act, 1882 1[Section 56: Marshalling by subsequent purchaser. 56. If the owner of two or more properties mortgages them to one person and then sells one or more…