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Reference Under Stamp Act

Type Court Judgment Court Chennai Decided Nov 15, 1897
~1 min read
https://sooperkanoon.com/case/791744

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Citation
Court
Chennai
Judge
Decided On
Subject
Property

Case Summary

AI-generated summary - not the official court judgment text.

Stamp Act - Act I of 1879, Section 3, Clauses (12), (13)--Lease--Mortgage. -

Key legal issue
Property

Parties & Advocates

Appellant / Petitioner

Reference Under Stamp Act

Legal References

Reported In
(1898)ILR21Mad358

Excerpt

stamp act - act i of 1879, section 3, clauses (12), (13)--lease--mortgage. - 1. in our opinion this is a usufructuary mortgage under which the rents and profits were estimated to satisfy both principal and interest, and accordingly no accounting on either side would become necessary. the case is quite different from that to which the board refer.

Full Judgment

1. In our opinion this is a usufructuary mortgage under which the rents and profits were estimated to satisfy both principal and interest, and accordingly no accounting on either side would become necessary. The case is quite different from that to which the Board refer.

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