The gist of section 61 of the Transfer of Property Act, 1882, is that even if the mortgages are of the same property, the mortgagor may redeem each separately unless restrained by a contract to the contrary. The statement is:

The gist of section 61 of the Transfer of Property Act, 1882, is that even if the mortgages are of the same property, the mortgagor may redeem each separately unless restrained by a contract to the contrary. The statement is: Correct Answer True

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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:
Besides the mortgagor, any of the following persons may redeem or institute a suit for redemption of, the mortgaged property. These persons are:
(1) 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.
(2) any surety for the payment of the mortgagedebt or any part thereof.
(3) any creditor of the mortgagor who has in a suit for administration of his estate obtained a decree for sale of the mortgaged property.
Within the meaning of the provisions of section 61 of the Transfer of Property Act, 1882, a mortgagor who has executed two or more mortgages in favour of the same mortgagee, and when the principal money of any two or more of the mortgages has become due:
A mortgagor who has executed two or more mortgages in favour of the same mortgagee, in absence of a contract to the contrary-
Within the meaning of section 91 of the Transfer of Property Act, 1882, the word "mortgagor" means a mortgagor:
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
Commercial mortgages, farm mortgages and home mortgages are categories of
The Transfer of Property Act, 1882, refers to mortgages of immovable property and the Indian Contract Act, 1872 refers to:
In order to get the benefit of the section 43 of the Transfer of Property Act, 1882 some conditions are necessary:
(1) Contract of transfer was made by a person who was competent to contract.
(2) Contract would be subsisting at the time when a claim for recovery of the property is made.
Section 37 of the Transfer of Property Act, 1882 refers to apportionment by estate. In this light, before the Transfer of Property Act, 1882, when a transfer was severed by the sale of shares in the version the tenant was still obliged to pay the rent to all shares jointly: