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This question belongs to Law Transfer Of Property Act
Transfer of Property Act
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When the mortgagee or, if there are several mortgagees, all the mortgagees, acquire by purchase or inheritance or otherwise, a share of the equity of redemption, the mortgage is extinguished pro tanto, and they may recover the balance of the debt against the residue of the property. This was decided in case of:

Answer & Solution
Correct Answer: Option B
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