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Nice explanation
U/S 56 why buyer will be liable for the mortgage debts ?
Firstly, buyer is not liable until mortgagee falls short of the properties not sold to buyer.Secondly, buyer will be liable as Section 56 does not apply in the following cases Auction SaleLeasesPurchases subject to prior encumbrance
Nice explanation
U/S 56 why buyer will be liable for the mortgage debts ?
Firstly, buyer is not liable until mortgagee falls short of the properties not sold to buyer.
Secondly, buyer will be liable as Section 56 does not apply in the following cases
Auction Sale
Leases
Purchases subject to prior encumbrance