Liability of mortgagor is co-extensive with other mortgagors/guarantors; pre-deposit to be determined on total amount due: HC

FEMA amp; BANKING : Where DRT issued proclamation for sale of mortgaged property and mortgagor challenged said order and deposited Rs. 1.25 crores before DRAT as a requirement of pre-deposit towards 25 per cent of its outstanding liability, which it asserted to be Rs. 5 crores,FEMA amp; BANKING : Where DRT issued proclamation for sale of mortgaged property and mortgagor challenged said order and deposited Rs. 1.25 crores before DRAT as a requirement of pre-deposit towards 25 per cent of its outstanding liability, which it asserted to be Rs. 5 crores,www.taxmann.com Latest Case LawsRead More

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