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1942 Supreme(Mad) 220

CHANDRASEKHARA.AIYAR
The Egmore Benefit Society, 3rd Branch, Limited, by its Secretary and Treasurer, T. G. Damodara Mudaliar – Appellant
Versus
K. Aburupammal – Respondent


JUDGMENT

Chandrasekhara Ayyar, J.

1. This is a suit by the Egmore Benefit Society for the recovery of possession and mesne profits of the property described in the schedule to the plaint on foot of a purchase made by the Society in a sale held by them under Section 69 of the Transfer of Property Act; in the alternative, if the sale is held to be illegal or void for any reason, the suit is for recovery of the amount due under the mortgage executed by defendants 1 and 2 (husband and wife) by sale of the mortgaged property.

2. The mortgage deed is dated 7th January, 1937, and is for a sum of Rs. 4,350 with interest at 6 1/4 per cent. per annum and there is provision that in default of payment of arrears of subscription and interest, the arrears were to carry interest at 2 pies per rupee per month, which works out at 12 1/2 per cent. per annum. The deed provides for the exercise by the mortgagors of the power of sale provided in the Transfer of Property Act and there is a clause authorising the Society to purchase the property as the highest bidder at any such sale. Default having been committed in the payment of the subscription and interest, the property was brought to sale by the Socie







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