In which of the following cases has Supreme Court held that 'Right of redemption of mortgagor stands…
In "Embassy Hotel (P) Ltd. v. Gajaraj & Co." the Supreme Court held that the mortgagor's right of redemption under s.60 TPA stands extinguished once the mortgaged property…
Choose your answer
In which of the following cases has Supreme Court held that 'Right of redemption of mortgagor stands extinguished, when sale of mortgaged property is effectuated in court auction?
Answer and explanation
Correct answer A
In "Embassy Hotel (P) Ltd. v. Gajaraj & Co." the Supreme Court held that the mortgagor's right of redemption under s.60 TPA stands extinguished once the mortgaged property is sold in a court auction and the sale becomes final.
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