06-15-2011, 05:02 PM
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"
unquoted
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"
unquoted
