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

    Question

    Redemption is a right of?

    A Mortgagor Correct Answer Incorrect Answer
    B Mortgagee Correct Answer Incorrect Answer
    C Surety of mortgagee Correct Answer Incorrect Answer
    D Creditor of mortgagee Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act Section 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.

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