Supreme Court Dismisses Appeal by Mortgagees in Displaced Persons (Debts Adjustment) Act, 1951 Matter — Usufructuary Mortgage Debt Adjustment Application by Displaced Debtor Maintainable. The Verdict Hinged on Interpretation That 'Value of Lands' in Proviso to Section 16(4) Must Be Computed per Rehabilitation Rules, Not Merely Market Value; Debtor Under Section 2(6) Includes Usufructuary Mortgagor....
The dispute arose under the Displaced Persons (Debts Adjustment) Act, 1951, enacted to adjust and settle debts of displaced persons after the partition of India. The appellants were mortgagees and the...




