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    <title>1964 (12) TMI 74 - CALCUTTA HIGH COURT</title>
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    <description>The court held that the intermediary&#039;s right to compensation under the West Bengal Estates Acquisition Act cannot be sold under a mortgage decree. While the mortgagee has the right to satisfy the debt from the compensation money, selling the right to compensation is not permissible. The court emphasized that the right to compensation is not an ordinary saleable property under a mortgage decree. The appeal was allowed, providing guidance on how the mortgagee can satisfy the debt without selling the right to compensation.</description>
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    <pubDate>Fri, 18 Dec 1964 00:00:00 +0530</pubDate>
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      <title>1964 (12) TMI 74 - CALCUTTA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=289498</link>
      <description>The court held that the intermediary&#039;s right to compensation under the West Bengal Estates Acquisition Act cannot be sold under a mortgage decree. While the mortgagee has the right to satisfy the debt from the compensation money, selling the right to compensation is not permissible. The court emphasized that the right to compensation is not an ordinary saleable property under a mortgage decree. The appeal was allowed, providing guidance on how the mortgagee can satisfy the debt without selling the right to compensation.</description>
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      <pubDate>Fri, 18 Dec 1964 00:00:00 +0530</pubDate>
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