Section 87: Procedure in case of payment of amount due [Repealed]

Transfer of Property Act • Official Statutory Text & Practice Guide

Statutory Regulation
Legal Standard
Competent Court / Tribunal
Act 1882

Legal Commentary & Landmark Judgments: Section 87

Section 87 historically regulated final decrees in foreclosure suits (repealed and codified in Order 34 Rule 3 CPC).

  • Final Foreclosure Decree: Governed debarment of mortgagor from all right to redeem upon default.
  • Procedural Transition: Repealed by CPC, 1908 and re-enacted in Order 34 Rule 3 CPC.
Key Landmark Precedents:
  • Seth Ganga Dhar v. Shankar Lal, AIR 1958 SC 770: Examined the effect of final foreclosure decrees on the equity of redemption.
  • Singh Ram v. Sheo Ram, (2014) 9 SCC 185: Affirmed that right to redeem is extinguished only upon passing of a final decree.
Courtroom Practice & Strategic Litigation Guidance:

A mortgagor can tender the mortgage balance and save the property at any time prior to the passing of a final decree under Order 34 Rule 3 CPC.