https://www.taxtmi.com/caselaws?id=184146 A mortgagee in possession can bind the mortgagor only by creating a lease that a prudent owner would make in ordinary management under section 76(a) of the Transfer of Property Act. The party relying on such a lease must show that it was reasonable, bona fide, and supported by evidence of the land's probable yield and economic value; on the facts, that proof was lacking and the rent was found unduly low, so the lease was not binding after redemption. As the grantor lacked authority to create a tenancy binding on the true owner, the occupants also could not acquire hereditary tenancy rights under section 29(a) of the U.P. Tenancy Act. en-us Thu, 21 Nov 1957 00:00:00 +0530 Thu, 30 Jun 2016 15:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184146 A mortgagee in possession can bind the mortgagor only by creating a lease that a prudent owner would make in ordinary management under section 76(a) of the Transfer of Property Act. The party relying on such a lease must show that it was reasonable, bona fide, and supported by evidence of the land's probable yield and economic value; on the facts, that proof was lacking and the rent was found unduly low, so the lease was not binding after redemption. As the grantor lacked authority to create a tenancy binding on the true owner, the occupants also could not acquire hereditary tenancy rights under section 29(a) of the U.P. Tenancy Act. Case-Laws Indian Laws Thu, 21 Nov 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184146