Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Any equitable mortgage created in favour of Bank after execution of Gift Deed, cannot be a valid mortgage: DRAT Dismisses Appeal of UCO Bank
BankingRERA & Property Act
The DRAT has dismissed a UCO Bank appeal, ruling that an "equitable mortgage created in favor of the bank after the execution of a gift deed cannot be a valid mortgage." The tribunal's decision provides a significant victory for the woman. The ruling clarifies that a property that is gifted to a person cannot be mortgaged.
