Vidhi Codex

REDEMPTIONS OF MORTGAGES (PUNJAB) ACT, 1913

Redemption of Mortgages (Punjab) Act, 1913

General191317 sections

This Act provides a specific legal process for landowners to reclaim their property by paying off the mortgage debt. It applies to agricultural land in Haryana where the property is under 50 acres or the loan amount is less than 5,000 rupees. The law allows a mortgagor to file a petition with a government official called the Collector to redeem the land, rather than going to court. This matters because it offers a simpler, faster way for farmers to secure their land rights and recover possession if they can pay the principal money, provided the property meets the size or value limits.

Start reading →Read full ActSections
  1. 1. Title, extent and limitation of scope of Act
  2. 2. Provided that it shall not apply to any mortgage made under section 6 of the Punjab Alienation of Land Act, 1900 or the Patiala Alienation of Land Act, 1972 Bk.
  3. 3. Application of certain sections of Punjab Tenancy Act
  4. 4. Petition for redemption
  5. 5. The petitioner shall state in his petition such particulars and file therewith such documents as may be prescribed.
  6. 6. Every summons shall be accompanied by a copy of the petition, with the date of deposit endorsed thereon.
  7. 7. Provided that no such order shall be made inconsistent with any condition of the mortgage whereby a season or period of the year is fixed for redemption or for surrendering possession.
  8. 8. If the petitioner fails to make such deposit within the period fixed, the Collector shall dismiss the petition.
  9. 9. If the petitioner fails to make such deposit within the period fixed, the Collector shall dismiss the petition.
  10. 10. Enquiry into objection raised by mortgagee
  11. 11. Enquiry regarding sum due
  12. 12. If the petitioner fails to make such deposit within the period fixed, the Collector shall dismiss the petition.
  13. 13. No second petition
  14. 14. The dismissal of a petition under this Act shall bar any further petition under this Act by the same petitioner or his representative in respect of the same mortgage.
  15. 15. If the Collector dismisses a petition under this Act, he shall order that the sum deposited by the petitioner be returned to him.
  16. 16. No sum deposited with the Collector by a petitioner under the provisions of this Act shall be attached by any Court or Revenue Officer.
  17. 17. Provided also that where a suit is instituted under section 12, the Court may pass such order as to interest as it deems fit.

PDF: pending for this language.