Thursday, 31 January 2013

Recovery of balance due on mortgage in suit for redemption.



Recovery of balance due on mortgage in suit for redemption.


Where the net proceeds of any sale held under [rule 8] are found insufficient to pay the amount due to the defendant, the Court,[on application by him in execution], may, if the balance is legally recoverable from the plaintiff otherwise than out of the property sold, pass a decree for such balance.]

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