Which remedy under the Transfer of Property Act, 1882 is available to an eligible mortgagee?
Question and options
Which remedy under the Transfer of Property Act, 1882 is available to an eligible mortgagee?
A decree barring the mortgagor from redeeming the property
Redemption of the property on payment or tender of the mortgage money
Recovery of possession after the usufructuary mortgage debt has been paid out of rents and profits
Inspection of title documents held by the mortgagee while the right to redeem subsists
Answer and explanation
Foreclosure under section 67 is a decree barring redemption, available to qualifying mortgagees subject to the section. Sections 60, 60B and 62 give the mortgagor the listed redemption, inspection and usufructuary possession rights respectively.
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