Section 67A - Mortgagee when bound to bring one suit on several mortgages : Transfer of Property Act, 1882

Mortgagee when bound to bring one suit on several mortgages? Section 67A of Transfer of Property Act, 1882

 

 

Section 67A of Transfer of Property Act 1882 : "Mortgagee when bound to bring one suit on several mortgages"

67A. A mortgagee who holds two or more mortgages executed by the same mortgagor in respect of each of which he has a right to obtain the same kind of decree under section 67, and who sues to obtain such decree on any one of the mortgages, shall, in the absence of a contract to the contrary, be bound to sue on all the mortgages in respect of which the mortgage-money has become due.