Section 69 of TPA : Section 69: Power Of Sale When Valid

TPA

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Explanation using Example

Imagine John has taken a loan from XYZ Bank, and to secure the loan, he has mortgaged his property in Calcutta. The mortgage is an English mortgage, and John is not a Hindu, Muslim, Buddhist, or a member of any other specified community. Unfortunately, John faces financial difficulties and fails to repay the mortgage-money.

After three months of non-payment, XYZ Bank serves a written notice to John, demanding the payment of the outstanding loan. Despite receiving the notice, John does not mak...

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