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Queries Participated

S.S.BHASKARAN   01 September 2008 at 23:46

mortgage by allotment letter

Presently I am handling a matter where a mortgage stated to be created by the predecessor in title. The present owners who are our clients have purchased the property 22 years back and are in peaceful possession and enjoyment of the property.

The claim that mortgage was created by depositing the allotment letter from the Tamil Nadu Housing Board which says lease cum sale agreement was the only document on which the mortgagee is making a claim.

At the outset we understand that on the ground of limitation alone the claim fails.
however I would like to know the legal points that governs and connected implications.