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For the purposes of the Transfer of Property Act, 1882, a right to obtain a decree from the court that…

Foreclosure is the right to obtain a decree absolutely debarring the mortgagor from redeeming the mortgaged property. A sale decree instead seeks sale of the property to…

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For the purposes of the Transfer of Property Act, 1882, a right to obtain a decree from the court that the mortgagor shall be absolutely debarred of his right to redeem the mortgaged property is called:

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Correct answer A

Foreclosure is the right to obtain a decree absolutely debarring the mortgagor from redeeming the mortgaged property. A sale decree instead seeks sale of the property to realise the debt. Section 67 limits which kinds of mortgagee can obtain foreclosure, so this definition is not a foreclosure entitlement for every mortgagee.

Current law: Section 67 retains this definition and its restrictions on the mortgages for which foreclosure is available.

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