Advocate Nishant Mehrotra practices at Allahabad High Court. He enrolled with the Bar Council of Utt... Read More
Conditions for filing Foreclosure Suit
Can a mortgagee file a suit for foreclosure or for sale when the transaction is a usufructuary mortgage?
- Sector-1, Noida
Since only the right to possession is transferred in such a transaction and the mortgagee is supposed to retain possession till the debt is satisfied with the help of rents and profits made available from the land he can neither sue for foreclosure nor for sale.
Answered on 28 Sep 2018
3/3 people found this helpful
Didn't find the answer you are looking for?
Talk to experienced lawyer online and get your answered in minutes.