Model Dockets in Mortgage suits

Foreclosure(Order 34 R.2 of C.P.C.)

The suit is preliminarily decreed for recovery of Rs.20,00,000/- with costs and with interest @ xxx% p.a. (contractual rate of interest or in its absence at discretion of the Court) from the date of suit to till the date of preliminary decree and thereafter @12% p.a. (discretion of the Court) on the principal amount from the date of decree to date of realization. Time for redemption is six months.In default of payment within time stipulated, the plaintiff is entitled to apply to the Court for a final decree for the sale of the mortgaged property.

Redemption (Order 34 Rule 7 of CPC) 

The suit is preliminarily decreed for redemption of mortgaged property subject to payment of Rs.XXXXX with costs and interest from the date of suit till the expiry of six months( which is time granted for redemption). In default the defendant/ mortgagee is entitled to file petition for final decree for appropriate relief. 

Sale (Order XXXIV When the Court declares the amount due.)

In the result the amount due to the plaintiff on the mortgage mentioned in the plaint calculated up to this.................... day of.........................is the sum of Rs.................for principal, the sum of Rs..............................for interest on the said principal, the sum of Rs........ for costs, charges and expenses (other than the costs of the suit) properly incurred by the plaintiff in respect of the mortgage-security, together with interest thereon, and the sum of Rs..............................for the costs of the suit awarded to the plaintiff, making in all the sum of Rs............ 

2. (i) that the defendant do pay into Court on or before the............... day of............................ or any later date up to which time for payment may be extended by the Court, the said sum of Rs..............;

(ii) that on such payment and on payment thereafter before such date as the Court may fix of such amount as the Court may adjudge due in respect of such costs of the suit and such costs, charges and expenses as may be payable under rule 10, together with such subsequent interest as may be payable under rule 11, of Order XXXIV of the First Schedule to the Code of Civil Procedure, 1908, the plaintiff shall bring into Court all documents in his possession or power relating to the mortgaged property in the plaint mentioned, and all such documents shall be delivered over to the defendant, or to such person as he appoints, and the plaintiff shall, if so required, re-convey or re-transfer the said property free from the said mortgage and clear of and from all incumbrances created by the plaintiff or any person claiming under him or any person under whom he claims and shall, if so required, deliver up to the defendant quite and peaceable possession of the said property.

 3. In default of payment as aforesaid, the plaintiff may apply to the Court for a final decree for the sale of the mortgaged property; and on such application being made, the mortgaged property or a sufficient part thereof shall be directed to be sold; and for the purposes of such sale the plaintiff shall produce before the Court or such officer as it appoints all documents in his possession or power relating to the mortgaged property.

4. The money realised by such sale shall be paid into Court and shall be duly applied (after deduction herefrom of the expenses of the sale) in payment of the amount payable to the plaintiff under this decree and under any further orders that may be passed in this suit and in payment of any amount which the Court may adjudge due to the plaintiff in respect of such costs of the suit, and such costs, charges and expenses as may be payable under rule 10, together with such subsequent interest as may be payable under rule 11, of Order XXXIV of the First Schedule to the Code of Civil Procedure, 1908, and that the balance, if any, shall be paid to the defendant or other persons entitled to receive the same. If the money realised by such sale shall not be sufficient or payment in full of the amount payable to the plaintiff as aforesaid, the plaintiff shall be at liberty (where such remedy is open to him under the terms of his mortgage and is not barred by any law for the time being in force) to apply for a personal decree against the defendant for the amount of the balance; and that the parties are at liberty to apply to the Court from time to time as they may have occasion, and on such application or otherwise the Court may give such directions as it thinks fit.