Sheoram Singh And Ors. vs Babu Singh And Ors. on 1 December, 1925
2. We are asked, on the other hand, to hold that Article 147 applies on the ground that this was not really a mortgage by conditional sale, and (although not an English mortgage), a mortgage in respect of which the mortgagee might sue for foreclosure or sale, and we were asked to apply Article 147 to such a document in spite of the judgment of the Privy Council in the case of Vasudeva Mudaliar v. Srinivasa Pillai (1907) 30 Mad 426. We are unable to do so. We regard the judgment of the Privy Council in that matter as peremptory and binding upon us. Whether or not their Lordships' observations wore necessary for the disposal of the case, they were considered observations delivered for the express purpose of setting at rest a question which was much controverted at the time in India, and they held that Article 147 was applicable only to the class of mortgage generally known and defined by the Transfer of Property Act as an English mortgage. They give what they described as preponderating reasons for adopting this view. The second was that there was a presumption that the Legislature, when it repeated in a later Act an expression which had obtained a settled meaning by judicial construction, intended the words to mean what they meant before. That reason applies with even greater force to their Lordships' view at the present day than it did then. The judgment was delivered in 1907. The provisions of the Transfer of Property Act were re-enacted so far as they apply to remedies in respect of mortgages in the first schedule to the Civil Procedure Code of 1905, and Art 147, Lim. Act, has been re-enacted in the Limitation Act of 1908 without change, and therefore bearing the narrower interpretation given to it by the judgment of the Privy Council to which we have referred.