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[Cites 0, Cited by 0] [Section 81] [Entire Act]

State of West Bengal - Subsection

Section 81(1) in The West Bengal Non-Agricultural Tenancy Act, 1949

(1)When any person whose interests are affected by the sale of a tenancy of a non-agricultural tenant advertised for sale in execution of a decree for arrears of rent due in respect thereof or in execution of a certificate for arrears of rent due in respect thereof signed under the Bengal Public Demands Recovery Act, 1913, pays into the Court the amount requisite to prevent the sale-
(a)the amount so paid by him shall be deemed to be a debt bearing interest at six and a quarter per centum per annum and secured by a mortgage of such tenancy to him ;
(b)his mortgage shall take priority over every other charge on such tenancy other than a charge for arrears of rent; and
(c)he shall be entitled to possession of the tenancy as mortgagee of the non-agricultural tenant, and to retain possession of it as such until the debt, with the interest due thereon, has been discharged.