Land Mortgaged To Bank Can Be Sold In Case Of Default In Loan Repayment By Allotee: Karnataka High Court
Mustafa Plumber
20 Nov 2024 6:45 PM IST

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20 Nov 2024 6:45 PM IST
The Karnataka High Court has held that once the state government allows land granted to be mortgaged to raise a loan for the construction of a house, in case of default of repayment of the loan, the bank cannot be restrained from selling the property to enforce the mortgage, citing the non-alienation clause in the grant.A Single Judge M I Arun held thus while quashing an endorsement...
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