Section 134 The Transfer of Property Act, 1882
Section 134 The Transfer of Property Act, 1882:
Mortgaged debt.—Where a debt is transferred for the purpose of securing an existing or future debt, the debt so transferred, if received by the transferor or recovered by the transferee, is applicable, first, in payment of the costs of such recovery; secondly, in or towards satisfaction of the amount for the time being secured by the transfer; and the residue, if any, belongs to the transferor or other person entitled to receive the same.
Supreme Court of India Important Judgments And Leading Case Law Related to Section 134 The Transfer of Property Act, 1882:
Rakesh . vs Board Of Revenue U.P. on 8 March, 2019
Ahmedabad Municipal Corporation vs Haji Abdulgafur Haji Hussenbhai on 18 March, 1971
Ram Pyare vs Ram Narain & Others on 15 February, 1985
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