When the mortgaged property is as lease 1***, and the mortgagor obtains a renewal of the lease, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes of the security, be entitled to the new lease.
Central Act · India · Chapter Iv — Of Mortgages Of Immoveable Property And Charges
Section 71 Renewal of mortgaged lease
Transfer of Property Act, 1882 · Edition: Archived India Code central text