S. 58(f) TPA | Production Of Title Deeds As Security Towards Debt Amounts To Creation Of ‘Equitable Mortgage’ : Supreme Court

The Supreme Court on Thursday (Aug. 29) held that the production of title deeds of the property as a security towards the debt amounts to the creation of a ‘mortgage by deposit of title deeds’ under Section 58 (f) of the Transfer of Property Act, 1882 (“TPA”).It was a case where the respondent/defendant had taken a loan from the Appellant and submitted a title deed of the property towards…