Mortgaged securities, pledges and guarantees, etc., are - TopicsExpress

Mortgaged securities, pledges and guarantees, etc., are incidentally covered or governed by a single piece of legislation, i.e., mortgages by the Transfer of Property Act, and pledge and guarantees by the Indian Contract Act. But, in the case of hypothecation, there is no such specific piece of legislation which deals with the subject, and hence different courts are known to interpret the rights under hypothecation differently. Yet, hypothecation is, perhaps, the commonest form of security obtained by the banks. Read More...

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