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Who holds the right to redeem under section 60 of the Transfer of Property Act, 1882 after the…

Section 60 gives the mortgagor the right to redeem on proper payment or tender, unless the right has been extinguished by act of the parties or court decree. Section 91…

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Who holds the right to redeem under section 60 of the Transfer of Property Act, 1882 after the principal money becomes due?

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Answer and explanation

Correct answer A

Section 60 gives the mortgagor the right to redeem on proper payment or tender, unless the right has been extinguished by act of the parties or court decree. Section 91 separately gives specified interested persons standing.

Option feedback

Option A

Section 60 gives the mortgagor the right to redeem on proper payment or tender.

Option B

Being the mortgagee does not confer the mortgagor’s section 60 right.

Option C

An unsecured creditor without a decree does not qualify on those facts.

Option D

Section 60 gives the right to the mortgagor. A stranger has no standing on the stated facts.

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