KIDWAI, H.S.CHATURVEDI
Mool Chand Rastogi Trust – Appellant
Versus
Batay Krishna – Respondent
H. S. CHATURVEDI, J.:- This appeal by the decree-holder arises out of proceedings under S.47, Civil P.C. In order to appreciate the point in controversy in the appeal, it is necessary to state the relevant facts which are not disputed.
2. On the basis of a registered mortgage deed dated 2-2-1931, executed by Lala Batey Krishna respondent, a suit was brought by the appellant. Both the mortgagor and the mortgagee referred the matter to Lala Lakshman Das for arbitration. After the receipt of the award a decree was passed on its basis on 22-1-1943. Under this decree which was founded upon the award the judgment-debtor mortgagor was to pay the decretal amount in certain instalments. It was also provided that in case the judgment-debtor failed to pay three consecutive instalments, the decree-holder would be entitled to realise the entire decretal amount by sale of the zamindari property mortgaged under the deed. The last provision was that in case the sale of the zamindari property was not found sufficient to pay off the decretal amount, the decree-holder shall be entitled to execute his decree against the person and other property of the judgment-debtor. It is not disputed that
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