Examveda
Examveda

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:

A. Arunachalam Chetty v. Ramaswamy, 1928 Mad WN 518

B. Bisheshar Dial v. Ram Sarup, (1900) 22 All 284

C. Narain Rao v. Mt. Chotebai, 1937 Nag 503

D. None of the above

Answer: Option B


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