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MARSHALLING (This Assignment work has been submitted towards the fulfilment of 7th Semester BBA LLB 5 year Integrated studies.)
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Submitted by' SIT egd. !o.*++,+-,5+7 BAT/0. BAT/0. * BBA LLB (7 th Semester)
SIKSHA ‘O’ ANUSANDHAN ANUSANDHAN NA NATIONAL IONAL INSTITUTE INSTITUTE OF OF LAW LAW
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CONTENTS
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PREFACE
It ga;e immense 1leasure to write a 1refa
ed and di;ided the whole sub?e
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ACKNOWLEDGEMENT
I e:1ress my dee1 sense of gratitude to those who ha;e hel1ed me in
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DECLARATION
I Sumit a student of 7 th Semester BBA LLB 5 years Integrated Law studies of Siksha $C Anusandhan !ational Institute of Law do hereby de
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INTRODUCTION
Marshalling Legal Deini!i"n
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General #rin$i#les% It has been held in 6errow ;. 2orais + that marshalling a11lies to all forms of se
&' It must be brought in a fair and timely fashion. In Lanoy (+7,) 9usti
1 2010 ABQB 560 (3 September 2010), Court of Queen's Bench (Abert!, C!n!"!)
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D#Euity will be in;oked to 1rotee on assets in su
The D"$!rine " Marshalling% The doa mortgages his two 1ro1erties H and & to ishma and then mortgages & to yan. If Sre>a seeks to reali>e his mortgage out of & yan a to 1roe the debt from it. In a is unable to reali>e the whole amount due to him from H he is entitled to re
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LEGISLATI(E PRO(ISIONS Se$!i"n )* " !he Transer " Pr"#er!+ A$!, -../% Marshalling 0+ s10se21en! #1r$haser% If the owner of two or more 1ro1erties mortgages them to one 1erson and then sells one or more of the 1ro1erties to another 1erson the buyer is in the absen
Se$!i"n .- " !he Transer " Pr"#er!+ A$!, -../% Marshalling se$1ri!ies% If the owner of two or more 1ro1erties mortgages them to one 1erson and then mortgages one or more of the 1ro1erties to another 1erson the subseEuent mortgage is in the absen
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3UDICIAL ANAL4SIS In M5s 3'P' 61il7ers 8 An"!her 9' A' Ra:a7as Ra" 8 an"!her & 2o
Two or more
(ii)
The senior
In C"rs" S!ein En!ers' In$ .5 =The Su1reme /ourt has noted that the eEuitable do
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e:1anded and reed e:. "or instan
ed. Seed that a non*debtorCs 1ro1erty 1ledged to se
7 44 B.. + 8 (Banker. 2. !.9. +4--).
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APPRAISAL AND SUGGESTIONS% arshalling
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