Bhuneshwar Prasad Sharma vs Smt. Suryamukhi Devi And Ors. on 30 January, 1987
34. The assumption made (by necessary implication) by the legislature in enacting Section 12 of the Money Lenders Act is that by enjoying the usufruct of the mortgaged land for a period of seven years a creditor in possession must be deemed to have fully paid himself so as to wipe out the debt. If an additional burden, over and above the loan, falls on the creditor, the position may be substantially changed, and such transactions may have to be considered in the light of the special facts in each case. It is difficult to lay down a universal rule applicable to all such transactions. The case of Hari Narain Singh, 1982 PLJR 446 belongs to the third category and in view of the terms of the document, the mortgage was considered to be non-usufructuary. If the position is analysed in the light of what I have said above, it will appear that there is no conflict between Hari Narain Singh's case and Kapildeo Narain Singh's case.