https://www.taxtmi.com/caselaws?id=298229 A mortgage executed for adequate consideration in satisfaction of genuine debts is not voidable under Section 53 of the Transfer of Property Act, 1882 merely because it prefers one creditor over another, so long as no benefit is reserved to the debtor and the transfer is made in discharge of bona fide liabilities. An instrument stamped with a court-fee stamp of sufficient amount, later certified on payment of duty and penalty, is admissible in evidence under the Stamp Act and its registration is not invalidated by that stamping defect, because the error is procedural rather than jurisdictional and is protected where done in good faith under the Registration Act, 1908. en-us Thu, 25 Jul 1929 00:00:00 +0530 Thu, 21 Oct 2021 14:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298229 A mortgage executed for adequate consideration in satisfaction of genuine debts is not voidable under Section 53 of the Transfer of Property Act, 1882 merely because it prefers one creditor over another, so long as no benefit is reserved to the debtor and the transfer is made in discharge of bona fide liabilities. An instrument stamped with a court-fee stamp of sufficient amount, later certified on payment of duty and penalty, is admissible in evidence under the Stamp Act and its registration is not invalidated by that stamping defect, because the error is procedural rather than jurisdictional and is protected where done in good faith under the Registration Act, 1908. Case-Laws Indian Laws Thu, 25 Jul 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298229