Question
The right of mortgagor to redeem is mentioned under
which section of the Transfer of Property Act, 1882?Solution
S.60. Right of mortgagor to redeem.— At any time after the principal money has become [due], the mortgagor has a right, on payment or tender, at a proper time and place, of the mortgagemoney, to require the mortgagee(a) to deliver [to the mortgagor the mortgage-deed and all documents relating to the mortgaged property which are in the possession or power of the mortgagee], (b) where the mortgagee is in possession of the mortgaged property, to deliver possession thereof to the mortgagor, and (c)at the cost of the mortgagor either to re-transfer the mortgaged property to him or to such third person as he may direct, or to execute and (where the mortgage has been effected by a registered instrument) to have registered an acknowledgement in writing that any right in derogation of his interest transferred to the mortgagee has been extinguished: Provided that the right conferred by this section has not been extinguished by act of the parties or by [decree] of a Court. The right conferred by this section is called a right to redeem, and a suit to enforce it is called a suit for redemption. Nothing in this section shall be deemed to render invalid any provision to the effect that, if the time fixed for payment of the principal money has been allowed to pass or no such time has been fixed. the mortgagee shall be entitled to reasonable notice before payment or tender of such money. Â
According to solar energy statistics released for Uttarakhand, what is the total installed solar power capacity in the state after crossing the 1-gigawa...
Which Union territory has topped in the second edition of the National e-Governance Service Delivery Assessment 2021?
Who clinched the men's singles title at the Canada Open Badminton 2023 from India?
What is the theme of the international conference YANTRA 2023 in the field of Ayush system of medicine?
Which of the following NBFCs was ordered by RBI to stop lending due to regulatory violations recently (Oct 2024)?
When will NACH 3.0 be launched as per NPCI’s schedule?
Which UNESCO-recognized heritage site in Madagascar was removed from the “in danger” list in July 2025?
Who has become the first male footballer to play 200 international matches?
Which year did the UN General Assembly establish the International Day of Peace?
Who is the winner of the 2022’s badminton tournament Super 750 held in Denmark?