Section 67A: Mortgagee when bound to bring one suit on several inortgages

The Transfer of Property Act, 1882

Chapter-IV Of Mortgages of Immovable Property and Charges

Rights and liabilities of Mortgagee

1[Section 67A: Mortgagee when bound to bring one suit on several inortgages.

67A. A mortgagee who holds two or more mortgages executed by the same mortgagor in respect of each of which he has a right to obtain the same kind of decree under section 67, and who sues to obtain such decree on any one of the mortgages, shall, in the absence of a contract to the contrary, be bound to sue on all the mortgages in respect of which the mortgage-money has become due.]


Reference:

1. Ins. by s. 32, ibid.