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This maxim was applied 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 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."
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
How capital adequacy ratio is calculated:
Which organization was set up to manage the Investor Education and Protection Fund?
Which of the following forms a part of Risk Management?
What is the role of the Insurance Ombudsman in India?
Which of the following is a specific provision under Section 9 of the MSMED Act, 2006, aimed at promoting MSME growth?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
The LTV allowed on loans against gold jewellery or gold loans is _____
Which loan does not require the borrower to pay back during their lifetime?