For each of the scenario mentioned below, applying the provisions of Transfer of Property Act, 1882 and identify the type of mortgage with reasoning: Karan approached a bank in Delhi and deposited his property title deed
CS Professional · Drafting, Pleadings and Appearances · PYQS · June 2026
For each of the scenario mentioned below, applying the provisions of Transfer of Property Act, 1882 and identify the type of mortgage with reasoning: Karan approached a bank in Delhi and deposited his property title deeds as security for a loan without executing a formal document. The intention was to create security over the property.
Answer & Explanation:
Type: Mortgage by Deposit of Title Deeds (Equitable mortgage) Reason: No formal written mortgage deed. Security created by depositing title deeds with intention to create a mortgage. Commonly valid in notified cities. Covered under Section 58(f) of TPA.
Topics: Transfer of Property Act, 1882
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