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  5. Transfer of Property Act, 1882
  6. Chapter 4 TPA, Mortgages Of Immovable Property And
  7. Section 77. TPA, Receipts in lieu of interest.
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Section 77. TPA, Receipts in lieu of interest.

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Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract between the mortgagee and the mortgagor that the receipts from the mortgaged property shall, so long as the mortgagee is in possession of the property, be taken in lieu of interest on the principal money, or in lieu of such interest and defined portions of the principal.

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Related judgement on Section 77. TPA, Receipts in lieu of interest.

Thakur Singh Vs. Ram Baran Singh & Ors [1972] INSC 191 (25 August 1972), 1972 Latest Caselaw 191 SC Mahant Ramdhan Puri Vs. Bankey Bihari Saran & Ors [1958] INSC 64 (23 May 1958), 1958 Latest Caselaw 64 SC

 
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