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Section-73 of the Transfer of Property Act on right to proceeds of revenue compensation on acquisition…

Section 73 lets the mortgagee claim from surplus revenue-sale proceeds or acquisition "compensation" in the prescribed circumstances. Those proceeds replace the original…

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Section-73 of the Transfer of Property Act on right to proceeds of revenue compensation on acquisition is based on:

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Section 73 lets the mortgagee claim from surplus revenue-sale proceeds or acquisition "compensation" in the prescribed circumstances. Those proceeds replace the original security, unlike marshalling, which arranges recourse among existing securities.

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