Where the mortgaged property is a lease 3***, and the mortgagee obtains a renewal of the lease, the mortgagor, upon redemption, shall, in the absence of a contract by him to the contrary, have the benefit of the new lease.
Central Act · India · Chapter Iv — Of Mortgages Of Immoveable Property And Charges
Section 64 Renewal of mortgaged lease
Transfer of Property Act, 1882 · Edition: Archived India Code central text