Section 81 The Transfer of Property Act, 1882
Section 81 The Transfer of Property Act, 1882:
Marshalling, securities.—If the owner of two or more properties mortgages them to one person and then mortgages one or more of the properties to another person, the subsequent mortgagee is, in the absence of a contract to the contrary, entitled to have the prior mortgage-debt satisfied out of the property or properties not mortgaged to him, so far as the same will extend, but not so as to prejudice the rights of the prior mortgagee or of any other person who has for consideration acquired an interest in any of the properties.
Supreme Court of India Important Judgments And Leading Case Law Related to Section 81 The Transfer of Property Act, 1882:
Visakhapatnam Municipality vs Kandregula Nukaraju & Ors on 29 August, 1975
Nk Rajendra Mohan vs Thirvamadi Rubber Co. Ltd And Ors on 2 July, 2015
M. L. Abdul Jabhar Sahib vs H. V. Venkata Sastri & Sons & Ors on 4 February, 1969
Babulal Badriprasad Varma vs Surat Municipal Corpn. & Ors on 2 May, 2008
M/S J.P.Builders & Anr vs A.Ramadas Rao & Anr on 22 November, 2010
Haryana Financial Corporation vs Gurcharan Singh And Anr on 13 December, 2013
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