Section 62 of TPA : Section 62: Right Of Usufructuary Mortgagor To Recover Possession
TPA
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Explanation using Example
Imagine Mr. Sharma owns a piece of land and needs money for his daughter's education. He decides to go for a usufructuary mortgage, giving the bank the right to enjoy the fruits (rents or profits) of the land until the loan is repaid. The bank and Mr. Sharma agree that the bank...
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