Question
The right of mortgagor to redeem is mentioned under
which section of the Transfer of Property Act, 1882?Solution
S.60. Right of mortgagor to redeem.— At any time after the principal money has become [due], the mortgagor has a right, on payment or tender, at a proper time and place, of the mortgagemoney, to require the mortgagee(a) to deliver [to the mortgagor the mortgage-deed and all documents relating to the mortgaged property which are in the possession or power of the mortgagee], (b) where the mortgagee is in possession of the mortgaged property, to deliver possession thereof to the mortgagor, and (c)at the cost of the mortgagor either to re-transfer the mortgaged property to him or to such third person as he may direct, or to execute and (where the mortgage has been effected by a registered instrument) to have registered an acknowledgement in writing that any right in derogation of his interest transferred to the mortgagee has been extinguished: Provided that the right conferred by this section has not been extinguished by act of the parties or by [decree] of a Court. The right conferred by this section is called a right to redeem, and a suit to enforce it is called a suit for redemption. Nothing in this section shall be deemed to render invalid any provision to the effect that, if the time fixed for payment of the principal money has been allowed to pass or no such time has been fixed. the mortgagee shall be entitled to reasonable notice before payment or tender of such money. Â
Which ministry hosted the 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day?
Which institute recently signed an MoU with the Commissionerate of Indian Medicine and Homoeopathy (CIM&H) to carry out testing and standardization of s...
The Bumchu Festival is celebrated at which monastery?
With reference to salt caverns, consider the following statements:
1. They are used to store liquid fuels and natural gas in various parts of the...
According to the latest report of the Stockholm International Peace Research Institute (SIPRI) on Trends in International Arms Transfer 2021, India is _...
- What is the theme for World Art Day 2025 celebrated on April 15?
Which new system has the Indian Army launched to enhance generator tracking and protection?
First seminar of Agni Tattva Campaign under LiFE Mission was organized in _____.
Which company is planning to set up a Gorilla Glass manufacturing facility in Telangana with a proposed investment of Rs. 934 crore?
Recently NMCG and Sahakar Bharati organise the ‘Vishaal Kisan Sammelan’ in which of the following place?