6/28, 18:49] Cpc G. Surya Narayanan Mhc Advt: Quote provisions for the situation:

[6/28, 18:49] Cpc G. Surya Narayanan Mhc Advt: Quote provisions for the situation:

  1. Person paying money to receiver need not inquire if receiver appointment is valid or not
  2. Receiver entitled to retain money for his remuneration, cost, charges and expenses not exceeding 5% on gross amount or such rate court allows on application made for that purpose
  3. Receiver shall insure the mortgaged property against loss or damage on written requests by mortgagee
  4. Receiver shall apply money received from insurance for discharge of rents, tax, land revenue, rates, outgoing, all annual payments, interest on principal money, discharge of principal money, and pay residue to person entitled to receive
  5. application can be made to court without filing suit for advice or direction on management and administration of mortgaged property, other than questions of difficulty or importance not proper for summary disposal in the opinion of court
    [6/28, 20:37] Cpc G. Surya Narayanan Mhc Advt: 1. Section 69A (5)- 2010(5) Ctc 449; 2014(5) scc 610
  6. Section 69A(6) -1986(1) Scc 366;
  7. Section 69A (7) – 1955(2) MLJ 216;
  8. Section 69 A (8) -2014(5) scc 610;
  9. Section 69 A (10)- 1990(1) Mlj 323;
    [6/29, 17:21] Cpc G. Surya Narayanan Mhc Advt: Quote provision for the situation:
  10. Mortgagee entitled to accession for the purpose of security after the date mortgage
  11. Mortgagee entitled to new lease for the purpose of security when mortgaged property is a lease
  12. Mortgagee may spend money for preservation from destruction, supporting mortgagor title, for making good his title against mortgagor and add such money to principal money
  13. When mortgaged property sold owing to failure to pay arrears or revenue, mortgagee entitled to claim payment of mortgage money out of any surplus after adjusting payment of arrears
  14. When mortgaged property is acquired under land acquisition, the mortgagor is entitled to amount of compensation

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