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Supreme Court of India
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Civil Law
Bare Acts
The Transfer of Property Act, 1872
Section 97-137
Section 100
Section 105
Section 107
Section 118
Section 121
Section 122
Section 127
Section 128
Section 134
Section 134- Mortgaged debt

Where a debt is transferred for the purpose of securing an existing or future debt, the debt so transferred, if received by the transferor or recovered by the transferee, is applicable, first, in payment of the costs of such recovery; secondly, in or towards satisfaction of the amount for the time being secured by the transfer, and the residue, if any, belongs to the transferor or other person entitled to receive the same.

     
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