New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Which of the following is not true about

    redemption?
    A Suit for redemption may be instituted by mortgagor only Correct Answer Incorrect Answer
    B suit for redemption may be instituted by mortgagors and co-mortgagors. Correct Answer Incorrect Answer
    C Suit for redemption may be instituted by surety of the mortgage debt Correct Answer Incorrect Answer
    D Suit for redemption may be instituted by creditor of mortgagor. Correct Answer Incorrect Answer
    E Suit for redemption may be instituted by all of the above mentioned. Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act  S. 91 Persons who may sue for redemption .—Besides the mortgagor, any of the following persons may redeem, or institute a suit for redemption of, the mortgaged property, namely:— (a) any person (other than the mortgagee of the interest sought to be redeemed) who has any interest in, or charge upon, the property mortgaged or in or upon the right to redeem the same; (b) any surety for the payment of the mortgage-debt or any part thereof; or (c) any creditor of the mortgagor who has in a suit for the administration of his estate obtained a decree for sale of the mortgaged property.

    Practice Next

    Relevant for Exams: