New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Right of subrogation is covered under which Section of

    the TP Act?
    A 90 Correct Answer Incorrect Answer
    B 91 Correct Answer Incorrect Answer
    C 92 Correct Answer Incorrect Answer
    D 95 Correct Answer Incorrect Answer
    E 93 Correct Answer Incorrect Answer

    Solution

    S. 92. Subrogation.—Any of the persons referred to in section 91 (other than the mortgagor) and any co-mortgagor shall, on redeeming property subject to the mortgage, have, so far as regards redemption, foreclosure or sale of such property, the same rights as the mortgagee whose mortgage he redeems may have against the mortgagor or any other mortgagee. The right conferred by this section is called the right of subrogation, and a person acquiring the same is said to be subrogated to the rights of the mortgagee whose mortgage he redeems.

    Practice Next

    Relevant for Exams: