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Section 78 – Transfer of Property Act 1882

Transfer of Property Act 1882

 

78. Postponement of prior mortgagee.—

 

Where, through the fraud, misrepresentation or gross neglect of prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.

 

 

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Transfer of Property Act 1882

 

Indian Laws – Bare Acts

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