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

    Question

    A suit for foreclosure can be filed when:

    A After mortgage money becomes due. Correct Answer Incorrect Answer
    B At any time during existence of mortgage Correct Answer Incorrect Answer
    C Before decree for redemption of property has been made. Correct Answer Incorrect Answer
    D A & C Correct Answer Incorrect Answer
    E A, B & C. Correct Answer Incorrect Answer

    Solution

    S.67. Right to foreclosure or sale.—In the absence of a contract to the contrary, the mortgagee   has, at any time after the mortgage-money has become [due] to him, and before a decree has been   made for the redemption of the mortgaged property, or the mortgage-money has been paid or   deposited as hereinafter provided, a right to obtain from the Court [a decree] that the mortgagor   shall be absolutely debarred of his right to redeem the property, or [a decree] that the property be sold. A suit to obtain [a decree] that a mortgagor shall be absolutely debarred of his right to redeem the mortgaged property is called a suit for foreclosure.

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