Supreme Court of India
State of Kerala and Ors. v. Kokiyat Estates
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Transfer of Property Act, I 882: Section 60 last paragraph-Exception clause-Applicabi/ity Mortgage-Redemption of-Pro tanto reduction in mortgage money-Claim of-By mortgagor-Conditions to be fulfilled- Mortgagor obtained loan from Bank by executing a mortgage deed-But by operation of the Kera/a Land Reforms Act and Kera/a Private Forest (Vesting and Assignment) Act, a part of the mortgaged property vested in the State Government free from afl encumbrances-Several years later Government paid mortgage debt to the Bank and took assignment of mortgage right-Held: To invoke the exception clause…
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