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

    Question

    Right to redeem is covered under which section of

    Transfer of Property Act?
    A 61 Correct Answer Incorrect Answer
    B 62 Correct Answer Incorrect Answer
    C 60 Correct Answer Incorrect Answer
    D 65 Correct Answer Incorrect Answer
    E 70 Correct Answer Incorrect Answer

    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 mortgage - money, to require the mortgagee (a) to deliver 10 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. 

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