Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 7 – The Redemption of Mortgages (Punjab) Act,1913

The Redemption of Mortgages (Punjab) Act,1913

Section 7. Procedure when petitioner is absent and mortgagee present

Where the mortgagee appears and the petitioner does not appear when the petition is called on for hearing, the Collector shall, unless he adjourns the proceedings, make an order that the petition be dismissed, unless the mortgagee admits the claim, in which case the collector shall make an order-

(a)that the mortgage be redeemed;

(b)that where the mortgage is with possession the mortgagor be put in possession of the mortgaged property as against the mortgagee;

(c)that the mortgagee deposit with the Collector the mortgage-deed, if any, if then in his possession or power, and that it be delivered to the petitioner;

(d)that subject to be mortgage-deed, if any, being so deposited by the mortgagee the sum in deposit be paid to him.

Provided that no such order shall be made inconsistent with any condition of the mortgage whereby a reason or period of the year is fixed for redemption or for surrendering possession.

Previous | Next

The Redemption of Mortgages (Punjab) Act,1913

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation