Menu
keyboard_backspace
ask a question ask a question
Get Realtime Updates of your Request. Download Vidhkarya App

Ask a Question - Free Legal Advice

Q.Mortgage deed
Administrative Law (420)
Adoption (118)
Advertising (45)
Animal Laws (38)
Arbitration and Mediation (38)
Aviation (15)
Banking (518)
Bankruptcy and Debt (171)
Cheque Bounce (377)
Child Custody (146)
Civil (1931)
Commercial (68)
Consumer Protection (542)
Contracts and Agreements (450)
Corporate and Incorporation (91)
Criminal (1517)
Customs, Excise (34)
Cyber, Internet, Information Technology (318)
Debt and Lending Agreement (76)
Debt Collection (138)
Divorce (468)
Divorce and Separation (1599)
Documentation (298)
Domestic Violence (541)
Election Campaign and Political Laws (20)
Employment and Labour (1038)
Environment and Natural Resources (29)
Family (1842)
Financial Markets and Services (89)
Government Contracts (51)
Human Rights (252)
Immigration (51)
Industrial Laws (51)
Insurance (67)
Intellectual Property, Copyright, Patent, Trademark (98)
International Laws (11)
IT Contracts (41)
Juvenile (17)
Landlord and Tenant (564)
Licensing (21)
Mail Fraud (14)
Maternity (57)
Media, Communication, Entertainment (16)
Mergers and Acquisition (20)
Military Laws (9)
Motor Accident (132)
Muslim Laws (56)
Outsourcing Agreement/Laws (5)
Partnership (56)
Police Laws (60)
Power of Attorney (74)
Privacy (89)
Property (2729)
Real Estate (400)
Registration (132)
RTI (110)
Sale (57)
Sale of Goods (20)
Sex Crime (136)
Sexual Harassment (6)
Sexual Harassment at Workplace (69)
Software License (4)
Tax (13)
Tax-GST (6)
Tax-Income Tax (22)
Tax-Property Tax (30)
Telecommunication (10)
Torts (16)
Transportation (49)
Trust and Society (NGO) (80)
Will (142)
Work Permits (30)

Q. Mortgage deed

I had lent a sum of Rs 1,00,000 to someone in 2003 against which he mortgaged his property. There is a mortgaged deed. He assured to pay the amount in 2 years which he did not. My query
1. Can I take action now(in 2018)?
2. What is the procedure.? How much time can it take?
3. Should we need to send any notice?
Share this questionShare Icon

Showing 2 of 2 Responses

A. dear client in your matter kindly See the limitation period for mortgage is 12 years form the date the mortgage was created. So, from that date your limitation has expired. Did you get any debt acknowledgement document signed later on or what was the last payment that you got. From that date if 12 years have not elapsed then you can otherwise you cannot

Found Helpful
Found Helpful
Share this answerShare Icon

Deepak Bade

Experience: 9 Year(s)

Responded 1 month ago

View All Answers
Reply Here

A. See the limitation period for mortgage is 12 years form the date the mortgage was created. So, from that date your limitation has expired. Did you get any debt acknowledgement document signed later on or what was the last payment that you got. From that date if 12 years have not elapsed then you can otherwise you cannot

Found Helpful
Found Helpful
Share this answerShare Icon
Reply Here
Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us