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Simple Mortgage Meaning

A mortgage as per section 58 of Transfer of Property Act is transfer of an interest in immovable property for securing payment of debt.

On the expiration of due date it becomes duty of mortgagor to repay the amount of loan to mortgagee and redeem the property mortgaged.Keep Reading

Suit for Foreclosure of Mortgage Meaning

The right of foreclosure is available to mortgagee under section 67 of Transfer of Property Act to recover his money due on mortgagor.
This right can be exercised only when-
The debt amount has become due for payment.
There should be no other contract contrary to the mortgage deed, else the terms and conditions of contract will suffice.
Where mortgagor has not got a degree of redemption under section 60.Keep Reading

60A Transfer of Property Explanation of a Confusion

Section 60-A: A mortgagor is entitled for redemption after paying debt to mortgagee.
For example-
A is a mortgagor. He has taken amount of Rs. 50,000 from B and as a security he has mortgaged his immovable property (house) to B. Now if A has to transfer the concerned property to C, then he may direct B to transfer the property directly to C instead of transferring it to A.Keep Reading

Legitimacy and Acknowledgement in Muslims

A person born in lawful marriage is said to be the legitimate child of the spouses. So the main point in case of legitimacy of a child is marriage between his or her parents.

Special notes regarding the Presumption of Legitimacy

1. A child born within six months after the marriage – the child is Illegitimate unless the father acknowledges the child.Keep Reading

Legitimacy of Child in Muslims.PNG

1. A child born within six months after the marriage – the child is Illegitimate unless the father acknowledges the child.

2. A child born after six months from the date of marriage is presumed to be legitimate.

3. A child born after dissolution of marriage is legitimate-
a. Under Shia Law if born within 10 months.
b. Under Hanafi Law if born within 2 years.
c. Under Shefai and Maliki if born within 4 years.Keep Reading

Difference between Public and Private Documents

1. Section 74 of the Indian Evidence Act defines public documents –

Documents forming the act or records of sovereign authority namely Parliament, Legislative Assemblies, official bodies, tribunals, public officers or any part of India or of Commonwealth or foreign country.

Section 75 says that all other documents other than public and private documents.Keep Reading

2019 Current Affairs

India received the award of excellence for ‘Best in show’ at the New York times 2019. It is the largest travel show in north America.

Vijaywada railway station has received gold rating by the Indian Green Building Council (IGBC) for green measures.Keep Reading