Supreme Court Upholds Transaction as Mortgage and Denies Rendition of Accounts in Transfer of Property Act Case. Arrangement with Debt and Security for Repayment Classified as Mortgage Under Section 58, and Receipts in Lieu of Interest Contract Exempts Mortgagee from Liability to Account Under Section 77.
23 May 1958The dispute arose from a document executed by the original owner (mortgagor) hypothecating an eight annas share in a village to secure a debt of Rs. 2...
