https://www.taxtmi.com/caselaws?id=381937 A mortgagee of a lessee's leasehold interest cannot claim rights greater than the lessee's. Where the lease expressly permits the lessor to terminate the lease and re-enter upon specified defaults, and consent to mortgage is subject to those lease rights, termination validly extinguishes the mortgagee's derivative security interest against the lessor. No separate notice to the mortgagee is required to preserve an interest that cannot survive the lessee's validly terminated leasehold estate. The mortgagee therefore cannot resist eviction, challenge recovery of possession, or assert a superior interest over the lessor. en-us Wed, 19 Jun 2019 00:00:00 +0530 Sat, 22 Jun 2019 06:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381937 A mortgagee of a lessee's leasehold interest cannot claim rights greater than the lessee's. Where the lease expressly permits the lessor to terminate the lease and re-enter upon specified defaults, and consent to mortgage is subject to those lease rights, termination validly extinguishes the mortgagee's derivative security interest against the lessor. No separate notice to the mortgagee is required to preserve an interest that cannot survive the lessee's validly terminated leasehold estate. The mortgagee therefore cannot resist eviction, challenge recovery of possession, or assert a superior interest over the lessor. Case-Laws Indian Laws Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381937