Section 57 of TPA : Section 57: Provision By Court For Incumbranccs, And Sale Freed Therefrom
TPA
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Explanation using Example
Imagine a scenario where Mr. Sharma owns a piece of land that is subject to a mortgage. Mr. Sharma defaults on the mortgage payments, and the lender obtains a decree to sell the property to recover the outstanding debt. The property is auctioned by the Court, and Mrs. Gupta emerges as the highest bidder and purchases the property.
However, the property is still under the mortgage incumbrance. Mrs. Gupta, wanting a clear title, applies to the Court to direct the payment into Court of a sum sufficient to satisfy the mortgage. T...
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