Section 77 The Transfer of Property Act, 1882

 

 Section 77 The Transfer of Property Act, 1882: 

Receipts in lieu of interest.—Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract between the mortgagee and the mortgagor that the receipts from the mortgaged property shall, so long as the mortgagee is in possession of the property, be taken in lieu of interest on the principal money, or in lieu of such interest and defined portions of the principal.

Supreme Court of India Important Judgments And Leading Case Law Related to Section 77 The Transfer of Property Act, 1882: 

Mahant Ramdhan Puri vs Bankey Bihari Saran & Others on 23 May, 1958

K. Manickchand & Ors vs Elias Saleh Mohamed Sait & Anr on 3 December, 1968

Thakur Singh vs Ram Baran Singh & Ors on 25 August, 1972

S.Kaladevi vs V.R.Somasundaram & Ors on 12 April, 2010

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