https://www.taxtmi.com/caselaws?id=293341 A mortgage gives rise to two separate remedies: enforcement against the mortgaged immovable property and a personal claim on the mortgagor's covenant. The limitation scheme was applied by treating the personal covenant as a distinct money demand subject to the applicable shorter period, while Article 132 was construed as governing recovery from the charged property itself. As a result, a suit on the personal remedy could be time-barred even though the security remained enforceable against the mortgaged property. The analysis confirms that limitation must be assessed separately for the personal covenant and the mortgage security. en-us Thu, 11 Dec 1884 00:00:00 +0521 Fri, 05 Feb 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293341 A mortgage gives rise to two separate remedies: enforcement against the mortgaged immovable property and a personal claim on the mortgagor's covenant. The limitation scheme was applied by treating the personal covenant as a distinct money demand subject to the applicable shorter period, while Article 132 was construed as governing recovery from the charged property itself. As a result, a suit on the personal remedy could be time-barred even though the security remained enforceable against the mortgaged property. The analysis confirms that limitation must be assessed separately for the personal covenant and the mortgage security. Case-Laws Indian Laws Thu, 11 Dec 1884 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=293341