The Transfer of Property Act, 1882
Section 78Postponement of prior mortgagee
In force
Chapter IV OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES
Priority
s. 78
78. Postponement of prior mortgagee Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.