The Transfer of Property Act, 1882
Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract between the mortgagee and the mortgagor that the receipts from the mortgaged property shall, so long as the mortgagee is in possession of the property, be taken in lieu of interest on the principal money, or in lieu of such interest and defined portions of the principal.
Source & version
Official text: India Code (official) ↗
Official India Code text: The Transfer of Property Act, 1882 (4 of 1882), English PDF (bitstream 123456789/2338/1/A1882-04.pdf, 565,764 bytes, sha256 5223fdf06a0aa3ed...) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-08-01. Extracted via pdftotext 26.07 -bbox and the @nexlex/ingest inline parser. Automated parse; footnotes and amendment history excluded. Spot-verified against the PDF; full clause-level proofread pending.
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