Supreme Court · 1970 INSC 198 · Decided 22 September 1970
S. Rajagopalaswami Naidu v. Bank of Karaikudi LTD.
- Court
- Supreme Court of India
- Citation
- 1970 INSC 198 · [1971] 2 S.C.R. 427
- Case number
- CIVIL APPEAL No. 1672/1966
- Decided
- 22 September 1970
- Bench
- J.C. SHAH, A.N. GROVER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 67A
Headnote
Transfer of Property Act 4 of 1882, s. 67A, Applicability of-Usurious Loans Act 1918-Rate of interest when penal. The appellant mortgaged his property bearing No. 162A West Masi Street Madurai Town for a sum of Rs. 45,000 with the respondent Bank on October 1~. 1950. In January 1952 the appellant The wife deposit· ed her title deeds relating to premises No. 162 West Masi Street. On June 25, 1952 the appellant and his wife created a mortgage of their respective pwperties Nos. 162A and 162 West Masi Street to secure repayment of a sum of ·Rs. 8,850. All the three mortgages
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