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    <title>1962 (3) TMI 131 - Supreme Court</title>
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    <description>Section 4(d) of the Bihar Land Reform Act, 1950 was construed to bar mortgage decree-holders from pursuing execution against a mortgagor&#039;s other properties where the mortgaged estate had vested in the State. The statutory scheme for claims relating to vested estates was treated as a complete code: the mortgagee had to present the claim before the Claims Officer and look to the compensation mechanism for satisfaction of the secured debt. On that reading, pending recovery proceedings and execution efforts outside the vested estate were not competent until the statutory remedy was exhausted.</description>
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    <pubDate>Mon, 05 Mar 1962 00:00:00 +0530</pubDate>
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      <title>1962 (3) TMI 131 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=299845</link>
      <description>Section 4(d) of the Bihar Land Reform Act, 1950 was construed to bar mortgage decree-holders from pursuing execution against a mortgagor&#039;s other properties where the mortgaged estate had vested in the State. The statutory scheme for claims relating to vested estates was treated as a complete code: the mortgagee had to present the claim before the Claims Officer and look to the compensation mechanism for satisfaction of the secured debt. On that reading, pending recovery proceedings and execution efforts outside the vested estate were not competent until the statutory remedy was exhausted.</description>
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      <pubDate>Mon, 05 Mar 1962 00:00:00 +0530</pubDate>
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