The decision of the Judicial Committee in Mulraj Khatau v. Vishwanath Prabhuram Vaidya 17 Ind. Cas. 627 : 37 B 198 : (1912) M.W.N. 1247 : 12 M.L.T. 652 : 11 A.L.J. 7 : 24 M.L.J. 60 : 17 C.W.N. 209 : 15 Bom. L.R. 9 : 17 C.L.J. 162 : 40 I.A. 24 (P.C.), although the language of the Committee suggests that the assignments in that case may not have been by way of mortgage, has been understood in the Fall Bench in this Court as holding that a mortgage operates as a transfer of the right of action in the chose-in-action.