What is the Right to proceeds of revenue sale or compensation on acquisition? Section 73 of Transfer of Property Act, 1882
73. (1) Where the mortgaged property or any part thereof or any interest therein is sold owing to failure to pay arrears of revenue or other charges of a public nature or rent due in respect of such property, and such failure did not arise from any default of the mortgagee, the mortgagee shall be entitled to claim payment of the mortgage-money, in whole or in part, out of any surplus of the sale proceeds remaining after payment of the arrears and of all charges and deductions directed by law.
(2) Where the mortgaged property or any part thereof or any interest therein is acquired under the Land Acquisition Act, 1894 (1 of 1894), or any other enactment for the time being in force providing for the compulsory acquisition of immovable property, the mortgagee shall be entitled to claim payment of the mortgage-money, in whole or in part, out of the amount due to the mortgagor as compensation.
(3) Such claims shall prevail against all other claims except those of prior encumbrancers, and may be enforced notwithstanding that the principal money on the mortgage has not become due.
Section 60A - Obligation to transfer to third party instead of re-transference to mortgagor
Section 60B - Right to inspection and production of documents
Section 61 - Right to redeem separately or simultaneously
Section 62 - Right of usufructuary mortgagor to recover possession
Section 63 - Accession to mortgaged property
Section 63A - Improvements to mortgaged property
Section 64 - Renewal of mortgaged lease
Section 65 - Implied contracts by mortgagor
Section 65A - Mortgagor's power to lease
Section 66 - Waste by mortgagor in possession
Rights and liabilities of Mortgagee
Section 67 - Right to foreclosure or safe
Section 67A - Mortgagee when bound to bring one suit on several mortgages
Section 68 - Right to sue for mortgage-money
Section 69 - Power of sale when valid
Section 69A - Appointment of receiver
Section 70 - Accession to mortgaged property
Section 71 - Renewal of mortgaged lease
Section 72 - Rights of mortgagee in possession
Section 73 - Right to proceeds of revenue sale or compensation on acquisition
Section 74 - Right of subsequent mortgagee to pay off prior mortgagee
Section 75 - Rights of mesne mortgagee against and subsequent mortgagees
Section 76 - Liabilities of mortgagee in possession
Section 77 - Receipts in lieu of interest
Priority
Section 78 - Postponement of prior mortgagee
Section 79 - Mortgage to secure uncertain amount when maximum is expressed
Section 80 - Tacking abolished