Question
In which of the following Indian Cases, the Supreme
Court of India recognized the principleā once a mortgage always a mortgageā.Solution
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 (1) A.I.R. 1954 S.C. 336. 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."
The idea of bureaucratic leadership was propounded by which of the following management Pundits?
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A. Nidhi companies can borr...
Expand FATF
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1.Ā Ā Ā Ā Ā SGrBs are eligible for trading in the secondary market ...
Arrange the following ratios in the order in which they appear on a common-size income statement, from top to bottom:
(A) Gross profit margin
...For a manufacturing concern, what will be the effect of increase in debtors on the Cash flow Statement?