High CourtsDivision Bench(1939) 04 MAD CK 0014

S. Narayanachari vs T.V.A.K.T. Annamalai Chettiar

Madras High Court · Decided on 28 April 1939 · Citation: AIR 1940 Mad 61 : (1939) 50 LW 150 : (1939) 2 MLJ 225

HON’BLE JUDGES
Newsam, J

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Judgment

7 paragraphs · 147 words

Newsam, J.—The petitioner was a puisne usufructuary mortgagee. In a suit by the first mortgagee he was impleaded and the suit was

decreed. Petitioner, though in terms directed to redeem, that is, to discharge the first mortgage, was in reality merely granted a privilege - the

privilege of freeing his own security and preserving his possession. In no sense of the word is he a debtor. The decree is not against him for a debt

payable by him, but in his favour allowed him a right in equity to redeem the first mortgage. To use the language of Section 3(iii) of the Debt Relief

Act, petitioner is under no liability under the decree. His is not a debt.

2.

The learned District Munsif of Tirupathi has in my judgment rightly dismissed his petition u/s 20 of the Debt Relief Act. I dismiss the revision

petition with costs.