Legal World

Section 78 TPA — Postponement of prior mortgagee

The Transfer of Property Act, 1882 · Official PDF page 33

Open in NyayaOfficial PDF, page 33

78. Postponement of prior mortgagee. —Where, through the fraud, misrepresentation or gross neglect of a 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.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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