Question
In which of the following Indian Cases, the Supreme
Court of India recognized the principle’ once a mortgage always a mortgage’.Solution
In the case of Mritunjoy Pani And Another vs Narmanda Bala Sasmal And Another on 14 March, 1961- "The position, in our opinion, is very clear and in the absence of any special statutory provision to the contrary is governed by s. 90, Trusts Act. The defendant is a mortgagee and, apart from special statutes, the only way in which a mortgage can be terminated as between the parties to it is by the act of the parties themselves, by merger or by an order of the Court. The maxim "once a mortgage always (1) A.I.R. 1954 S.C. 336. a mortgage" applies. Therefore, when the defendant entered upon possession he was there as a mortgagee and being a mortgagee the plaintiffs have a right to redeem unless there is either a contract between the parties or a merger or a special statute to debar them."
P and Q started a business by investing Rs.8000 and Rs.6400 respectively. After 4 months, Q increased his investment by a certain percentage such that a...
A and B started a retail store with initial investments in the ratio 5:6 and their annual profits were in the ratio 3:4. If A invested the money for 9 m...
Sumit and Rahul started a business by financing Rs 240 and Rs 320 respectively. After a year, Sumit added Rs.(x + 20) while Rahul added Rs.’x’. At t...
Amit and Vipin together start a business with investment of Rs. 1800 and Rs. ‘x + 1000’, respectively. If the profit earned after 5 years is Rs. 675...
Aman invested ₹18,000 in a business for 4 months before exiting. After Aman left, Bhuvan joined the business, investing ₹12,0...
Aman, Bhanu, and Chetna joined a business, investing Rs. 1200, Rs. 1600, and Rs. 'r', respectively. After 6 months, Aman, Bhanu, and Chetna increased th...
Anuj and Bhuvan started a business by investing Rs. 4500 and Rs. 4800, respectively. After 6 months, Bhuvan withdrew Rs. 600, and...
A and B entered into a business investing Rs. (x + 60) and Rs. (x – 55) respectively. After one year they invested Rs. 120 more and Rs. 150 more respe...
A, B and C enter into a partnership, A invest (X + 5000), B invest (X + 15000) and C invest (5X + 2000) for one year if B share is 10000 from total prof...
‘P’ and ‘Q’ entered into a business by investing Rs. ‘y’ and Rs. ‘y – 400’, respectively. If their combined annual profit amounts to R...