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In which Section of the Transfer of Property Act, 1882, “The Principle of Substituted Security” is…

Section 73 reflects substituted security. When mortgaged property is sold for revenue arrears or compulsorily acquired, the mortgagee's interest can attach to the relevant…

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In which Section of the Transfer of Property Act, 1882, “The Principle of Substituted Security” is mentioned?

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Section 73 reflects substituted security. When mortgaged property is sold for revenue arrears or compulsorily acquired, the mortgagee's interest can attach to the relevant sale proceeds or compensation in place of the property. The security changes its form rather than simply disappearing.

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