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Informative

Mortgagee Has Inherent Right To Put Property On Public Auction In Case Of Failure Of Payment: Punjab & Haryana HC

Update / Judgement Date

11 Mar 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingCivil LawOther Legal Matters

The Punjab and Haryana High Court ruled that a mortgagee has an inherent right to put a property up for public auction in case of failure of payment. The court emphasized the contractual rights of the mortgagee. This decision reinforces the legal remedies available to lenders. The ruling clarifies the rights of mortgagees in default situations.