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Powers and liabilities of trustees.. Sec 119(2)
06-15-2011, 05:02 PM
Post: #1
Powers and liabilities of trustees.. Sec 119(2)
salam to all

what does Sec 119(2) means

quote

"where a suit is brought under clause (a) or clause (b) of sub-section (!) the court may at its discretion stay the suit and all the proceedings therein notwithstanding any contract to the contrary, until the trustee has exhausted all his available remedies against the mortgaged property or what remains of it unless the trustee abandons his security and, if necessary, re-transfers the mortgaged property"

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Messages In This Thread
Powers and liabilities of trustees.. Sec 119(2) - bilalfca - 06-15-2011 05:02 PM
[] - Ali Akbar - 06-18-2011, 06:32 AM
[] - bilalfca - 06-20-2011, 08:44 PM
[] - Ali Akbar - 06-23-2011, 07:58 AM

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