https://www.taxtmi.com/caselaws?id=277281 A mortgage by deposit of title-deeds requires delivery of the deeds to the creditor or the creditor's agent in a specified town with the intention to create security. Although the creditor requested that the deeds be sent by post and the post office could operate as the creditor's authorised agent for receipt, that mode of transmission did not amount to a deposit in Bombay within Section 58(f) of the Transfer of Property Act. The statutory place requirement was not satisfied, so no valid equitable mortgage by deposit of title-deeds was created and the suit failed. en-us Tue, 11 Feb 1936 00:00:00 +0530 Fri, 30 Nov 2018 11:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277281 A mortgage by deposit of title-deeds requires delivery of the deeds to the creditor or the creditor's agent in a specified town with the intention to create security. Although the creditor requested that the deeds be sent by post and the post office could operate as the creditor's authorised agent for receipt, that mode of transmission did not amount to a deposit in Bombay within Section 58(f) of the Transfer of Property Act. The statutory place requirement was not satisfied, so no valid equitable mortgage by deposit of title-deeds was created and the suit failed. Case-Laws Indian Laws Tue, 11 Feb 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277281