New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

      A mortgagee is entitled to appoint a receiver as per

    S._____ of the Transfer of Property Act?
    A 69 Correct Answer Incorrect Answer
    B 69A Correct Answer Incorrect Answer
    C 68 Correct Answer Incorrect Answer
    D No such provision in TP Act. Correct Answer Incorrect Answer

    Solution

    As per S.69A. Appointment of receiver.—( 1) A mortgagee having the right to exercise a power of sale under section 69 shall, subject to the provisions of sub-section (2),be entitled to appoint, by writing signed by him or on his behalf, a receiver of the income of the mortgaged property or any part thereof.

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