Bombay High Court Allows Appeal in Suit for Reconveyance of Sale Deed Executed as Security for Loan — Transaction Held to be Mortgage by Conditional Sale. The court held that a sale deed executed with an agreement to reconvey upon repayment of a loan constitutes a mortgage by conditional sale under Section 58(c) of the Transfer of Property Act, 1882, and the suit for reconveyance filed within 30 years was within limitation.
26 Oct 2010The appellant, Balbhim Sakharam Magar, filed an appeal against the judgment and order dated 10th July, 2003 in Regular Civil Appeal No. 25 of 1993, wh...
