Transfer of Property Act, 1882
Section - 78 - Postponement of prior mortgagee
PRIORITY
Postponement of prior mortgagee
78. Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.
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