Mortgage Created By Deposit Of Title Deeds Prevails Over Equitable Mortgage Created By Deposit Of Agreement To Sell : Supreme Court

The Supreme Court ruled that a mortgage created by the deposit of title deeds prevails over an equitable mortgage created by the deposit of an agreement to sell. This clarifies the priority of mortgages in cases of competing claims. The ruling emphasizes the importance of registered title deeds in establishing a valid mortgage. This decision provides clarity for lenders and borrowers regarding the security of their transactions.