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Provisions of section 60A, i.e., obligation to transfer to third party instead of transference to mortgagor, do not apply in case of a mortgagee who:

Provisions of section 60A, i.e., obligation to transfer to third party instead of transference to mortgagor, do not apply in case of a mortgagee who: Correct Answer Is or has been in possession

Related Questions

Under the provisions of section 60A of the Transfer of Property Act, 1882, where a mortgagor is entitled to redemption, he may require the mortgagee, instead of retransferring the property, to assign the mortgage debt and transfer the mortgaged property to such third person as the mortgagor may direct then the mortgagor:
Where the mortgagor binds himself to repay the mortgage-money on a certain date and transfers the mortgaged property absolutely to the mortgagee subject to condition that the mortgagee will re-transfer it to the mortgagor upon payment of the mortgage-money, the transaction is called-
When a mortgagee acquires a portion of equity of redemption, the mortgage is not extinguished completely. There can be only a pro tanto extinguishment of the mortgage right to the extent of the mortgagee acquiring the mortgagor's interest and so far as the other sharer of the equity of redemption is concerned, the mortgagee will subsist. This was held in case of:
Mortgagor binds himself to repay the mortgage money on certain date and transfer mortgage property absolutely to mortgagee with a condition that upon repayment of mortgage money, the mortgage will re-transfer it to mortgagor. This type of mortgage is known as:
Section 63 of the Transfer of Property Act, 1882, refers to the mortgagor's rights to accessions made by mortgage, while the mortgagee's right to accessions made by the mortgagor is referred in
Which pair is correct for 'Types of Political Party - Name of Political Party'? I. National Party - Communist Party of India II. State Party - Aam Aadmi Party III. State Party - All India Trinamool Congress IV. National Party - Indian National Congress
The provisions of section 60A of the Transfer of Property Act, 1882 do not apply when . . . . . . . .
The mortgage, "where the mortgagor binds himself to repay the mortgagemoney on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will re-transfer it to the mortgagor upon payment of the mortgage-money as agreed", is called:
Which of the following statement is correct? Answer using given below:
(1) Doctrine of indoor management apply in case of knowledge of irregularity in company.
(2) Doctrine of indoor management does not apply in case of suspicion of irregularity.
(3) Doctrine of indoor management apply in case of forgery.
(4) Doctrine of indoor management does not apply if the act of an officer of a company is one which would ordinarily be beyond the powers of such an officer.
A group of 74 students of Class XI went on picnic. The number of students who went on picnic by each section is as follows: Section A = 15 Section B = 24 Section C = 15 Section D = 20 5 students from Section A spent as much as 4 students from Section B. 12 Section B students spent as much as 9 Section C students and 6 Section C students spent as much as 8 Section D student. If every student of a particular section spent the same amount and all the students spent Rs. 23,370 altogether, find the amount spent by each student of Section D?