Indian Polity · Polity
If the mortgagor deposits the mortgage amount in the government treasury, what is the consequence regarding the mortgagee under Section 15 of the Delhi Land Reforms Act, 1954?
- 1Mortgagor loses ownership rights.
- 2The mortgagee will have no rights in the land.✓
- 3Mortgagee gets immediate possession.
- 4Mortgagee retains all ownership rights.
Correct answer
The mortgagee will have no rights in the land.
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