Monday, 13 September 2021

Whether the transaction will be mortgage by conditional sale if two contemporaneous documents sale and agreement to is repurchase executed between the parties?

  It is further held therein that keeping in view the proviso to Section 58(c) if the sale and agreement to repurchase are embodied in separate documents then the transactions cannot be a mortgage by conditional sale irrespective of whether the documents are the contemporaneously executed. It is further held therein that even in the case of a single document the real character of the transaction is to be ascertained from the provisions of the deed viewed in the light of the surrounding circumstances and intention of the parties.

REPORTABLE

IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

CIVIL APPEAL NO.3506 OF 2010

Sopan (dead) through His L.R. Vs v Syed Nabi 


Author: A.S. Bopanna,J.

Dated: July 16, 2019

Citation: (2019)7SCC 635,2019 SCCONLINE SC 862

1. The appellant herein was the plaintiff in Regular Civil Suit

No.237 of 1980 filed before the Civil Judge, Junior Division at

Ahmedpur. The suit in question was filed seeking a judgment and

decree for redemption of mortgage and recovery of the possession of

the suit scheduled land. The land in question is situated in Survey

No.2/A measuring 6 acres 2 guntas. The Civil Court by its judgment

dated 20th September, 1984 accepted the contention of the plaintiff

and decreed the suit whereby the redemption of the suit land was

ordered treating the transaction to be a mortgage. The appellant

herein, namely the defendant in the said suit claiming to be

aggrieved by the said judgment was before the lower appellate court

i.e. the Additional District Judge at Latur in Regular Civil Appeal

No.233 of 1984. The Lower Appellate Court on reappreciation of the

evidence on record and consideration of the legal position has

through its judgment dated 29th June, 1990 allowed the appeal and

set aside the judgment and decree of the Civil Court. Accordingly,

the suit filed by the respondent herein was dismissed. The

plaintiff/respondent herein therefore filed the Second Appeal before

the High Court of Judicature at Bombay, bearing S.A.No.479 of

1991. The High Court on answering the substantial question of law

in favour of the respondent herein had allowed the appeal and

consequently decreed the suit. The appellant herein who was the

defendant in the suit is, therefore, before this Court in the present

appeal.

2. For the purpose of convenience and clarity the parties will be

referred to in the same rank as assigned to them in the Civil Suit

namely, the appellant herein would be referred to as the defendant,

while the respondent herein would be referred to as the plaintiff.

3. The brief facts are that the plaintiff and the defendant were

known to each other and due to such acquaintance, the plaintiff had


taken money from the defendant as and when such financial

assistance was required. At a stage when the plaintiff received a

sum of Rs.5,000/-, the same was construed as the consideration for

the land owned by the plaintiff bearing Survey No.2/A measuring 6

acres 2 guntas and the defendant already being put in possession of

the said property, a registered sale deed dated 10th December, 1968

was executed in favour of the defendant. A separate agreement

dated 10th December, 1968 was also entered into between the parties

whereby the plaintiff had agreed to repay the said amount and

secure reconveyance of the property. Another agreement was

entered into on 29th August, 1969 between the parties under which

the respondent-plaintiff agreed that he has taken Rs.5,000/- from

the appellant-defendant and the possession of the land was given.

In addition, respondent-plaintiff has received a sum of Rs.2,224/-

without any interest, in all Rs.7,224/-. The respondent-plaintiff

agreed if the amount is not repaid on “Velamavasya” the deed will

be considered as sale deed. It is in that background the plaintiff

claiming that he is prepared to repay the amount so as to secure

back the property and, in that regard, construing the transaction as

a mortgage, got issued a demand notice dated 10th September, 1980

through his Advocate. The defendant got replied the said notice on

23rd September, 1980 and disputed the claim put forth by the

plaintiff. The plaintiff, therefore, filed the suit as stated above. The

defendant entered appearance and filed the written statement

disputing the claim. The trial court though had framed several

issues, the entire consideration rested on the construction of the

sale deed dated 10th December, 1968 and the contemporaneous

documents, so as to consider whether the same amounts to a

mortgage by conditional sale in the nature of contention put forth, or

as to whether it is a sale transaction.

4. In the present appeal, it would not be necessary for us to

reappreciate the evidence inasmuch as, only the nature of the

transaction will have to be taken note from the three documents,

namely, Exhibits 23, 24 and 14/1 around which the entire

controversy revolves. Before adverting to the said documents, it

would be also necessary to take note of the provision as contained in

Section 58 (c) of the Transfer of Property Act which reads as

hereunder:

58(c) Mortgage by conditional sale. Where the mortgagor

ostensibly sells the mortgaged property:

on condition that on default of payment of the mortgage

money on a certain date the sale shall become absolute

on condition not on such payment being made the sale

shall become void, or on condition that on such payment

being made the buyer shall transfer the property to the

seller,

the transaction is called a mortgage by conditional sale

and the mortgagee a mortgagee by conditional sale:

[Provided that no such transaction shall be deemed to be

a mortgage, unless the condition is embodied in the

document which effects or purports to effect the sale].

(emphasis supplied)

5. From a perusal of the proviso to Section 58(c) as emphasised,

it indicates that no transaction shall be deemed to be a mortgage

unless the condition is embodied in the document which effects or

purports to effect the sale. Therefore, any recital relating to

mortgage or the transaction being in the nature of a conditional sale

should be an intrinsic part of the very sale deed which will be the

subject matter. In that background, a perusal of the document at

Exhibit 23, namely, the sale deed dated 10th December, 1968 would

make it clear that the document does not disclose that the

transaction is one of mortgage or that of a conditional sale.

However, the issue as to whether it should be construed as mortgage

has presently arisen since the agreement dated 10th December, 1968

at Exhibit 24 being a contemporaneous document is relied upon by

the plaintiff to claim that the same indicates that the transaction is

a mortgage and the relationship of debtor and the creditor is

established by the said document. In addition, the document which

is also to be noticed is at Exhibit 14/1 dated 29th August, 1969. It is

no doubt true that in the document at Exhibit 24 it depicts that the

sale deed is reconveyable when the plaintiff would repay Rs.5,000/-

to the defendant and the land would be retransferred. It also

indicates that the interest of Rs.720/- is agreed to be paid every year

on the day of “Gudi Padwa”.

6. The contention on behalf of the defendant is that in addition

to the sum of Rs.5,000/- which was taken by the plaintiff earlier and

was treated as the sale consideration, a further sum of Rs.2,224/-

was taken by the plaintiff and accordingly a total amount of

Rs.7,224/- was agreed to be repaid without interest on the

“Velamavasya” and the said understanding was reached on 29th

August, 1969. The case, therefore, set up by the defendant was that

notwithstanding the agreement dated 10th December, 1968 (Exh.24)

and the document dated 29th August, 1969 (Exh.14/1) whereunder

reconveyance was agreed, since the amount was not repaid within

one year, though the defendant had agreed to reconvey the property,

the sale deed had become absolute since the plaintiff had failed to

repay the amount and secure the reconveyance.

7. However, the learned counsel for the plaintiff has contended

that when the documents at Exhibits 24 and 14/1 is admitted by

the defendant and since it refers to the relationship of debtor and

creditor the sale deed dated 10th December, 1968 (Exh.23) is to be

construed as a mortgage by conditional sale. The learned counsel

has referred to the decision of this Court in the case of P.L.

Bapuswami vs. N. Pattay Gounder (1966) 2 SCR 918 to contend

that it should be construed as mortgage and in that context would

also refer to the decision in the case of Pandit Chunchun Jha vs.

Sheikh Ebadat Ali (1955) 1 SCR 174 to contend that the

subsequent document would rebut the presumption. In so far as

the legal position relating to the manner in which the document is to

be construed, we notice that this Court in the case of Dharmaji

Shankar Shinde & Ors. vs. Rajaram Sripad Joshi (D) Lrs. and

Ors. (2019) 6 SCALE 682 had considered the entire conspectus of

the provision contained in Section 58(c) with reference even to the

decisions relied upon by the learned counsel for the plaintiff and had

arrived at the conclusion that a sale with a mere condition of

retransfer is not a mortgage. It is further held therein that keeping

in view the proviso to Section 58(c) if the sale and agreement to

repurchase are embodied in separate documents then the

transactions cannot be a mortgage by conditional sale irrespective of whether the documents are the contemporaneously executed. It is further held therein that even in the case of a single document the

real character of the transaction is to be ascertained from the

provisions of the deed viewed in the light of the surrounding

circumstances and intention of the parties.

8. Keeping in view the enunciation of the legal position, we notice

that in the instant case admittedly the claim of the plaintiff is based

on the reliance placed on a contemporaneous document at Exh.24.

Hence at the outset, it is evident that the case of the plaintiff cannot

overcome the rigour of law to term it as a mortgage by conditional

sale. That apart even if the nature of the transaction is taken note

of and in that context if the sale dated 10th December, 1968 (Exh.23)

is carefully perused, it not only does not indicate any clause to

demonstrate it as a mortgage but, on the other hand, refers to the

sale consideration, the manner in which it was received and the

plaintiff as the vendor by executing the document has assured the

defendant that he should enjoy possession of the said land

ancestrally which, in other words, is an absolute conveyance. In

that background, even if the agreement dated 10th December, 1968

(Exh.24) is taken note, the same cannot alter recitals in the sale

deed to treat the same as a mortgage by conditional sale. At best

the said agreement (Exh.24) can only be treated as an agreement

whereby the defendant had agreed to reconvey the property subject

to the repayment being made as provided thereunder. It is in that

circumstance, the document dated 29th August, 1969 (Exh.14/1) is

to be viewed. From a combined reading of Exhibits 24 and 14/1 it

would disclose that not only the plaintiff has not repaid the sum of

Rs.5,000/- with interest but had received a further sum of

Rs.2,224/-, thus in all taking the financial assistance treated as

sale consideration to Rs.7,224/-. Hence, if the reconveyance as

agreed under Exh.24 was to be effected the said amount was to be

repaid on “Velamavasya” failing which the right of reconveyance

would be forfeited and the sale deed would become absolute after

which even the right of reconveyance will not be available.

Admittedly amount of Rs.2,224/- was not repaid by the plaintiff. In

that background, in any event, the document cannot be considered

as a mortgage by conditional sale.

9. In the above background, if the entire transaction is taken

note, since the amount was not repaid the defendant had acquired

absolute right to the property. Hence, he had also initiated

mutation proceedings to secure the revenue entries relating to the

land in his favour. Though the plaintiff had opposed the

proceedings the very contention urged herein had been taken note

therein and the Tehsildar by the order dated 23rd July, 1974

(Exh.21) has ordered the revenue entries to be changed to the name

of the defendant. Change of mutation in the name of the defendant

is a formidable circumstance to show that the Exh.23 is a sale deed

conveying absolute right and title to the defendant.

10. Though the learned counsel for the plaintiff has relied upon

the decision in the case of Bhimabai Mahadeo Kambekar vs.

Arthur Import and Export Co., (2019) 3 SCC 191 to contend that

the mutation of land in the revenue records does not create or

extinguish the title for such land, nor has it any presumptive value

on the title, the said decision would not be of relevance in the

present context as the mutation proceeding becomes relevant in the

instant proceedings though not for the purpose of title. We say so

only to indicate that in the present facts, while construing the

nature of the transaction and while considering as to whether the

plaintiff had a right of redemption as a mortgagor, the fact that the

defendant had acted upon the sale deed dated 10th December, 1968

on the same becoming absolute in view of the reconveyance not

being affected pursuant to the agreement dated 10th December, 1968

and in that circumstance, the right was exercised to secure the

mutation order pertaining to the land is to be treated as a relevant

circumstance. Further, though such mutation order was passed on

23rd July, 1974 in a proceeding in the presence of the plaintiff the

said order was not assailed before an appropriate forum and it is

only in the year 1980 the suit in question came to be filed.

11. In the above circumstance the suit seeking redemption of

mortgage was not sustainable. If at all the agreement of

reconveyance (Exh.24) was to be pressed into service, the

appropriate course ought to have been for the plaintiff to institute a

suit seeking for the relief of specific performance. In such suit the

consideration would be on the touchstone of the principles required

to be satisfied as governed under the provisions of the Specific Relief

Act. To that effect there should be appropriate pleading and

evidence in support of the contentions which is not presently

satisfied as the suit is instituted on a misconception.

12. In that background, if the consideration as made by the courts

below is taken note, we are of the opinion that the Civil Court and

the High Court were not justified in their conclusion. On the other

hand, the lower appellate court in Regular Civil Appeal No.233 of

1984 has taken into consideration the factual aspects in its correct

perspective and keeping in view the legal position had allowed the

appeal and dismissed the suit. Hence, we hereby set aside the

judgment dated 26th September, 2007 passed by the High Court in

S.A.No.479 of 1991 and restore the judgment dated 29th June, 1990

passed by the Additional District Judge in Regular Civil Appeal

No.233 of 1984.

13. Accordingly, the above appeal is allowed. Consequently, the

Regular Civil Suit No.237 of 1980 filed by the plaintiff i.e. the

respondent herein shall stand dismissed. However, we pass no

order as to costs.

……………………….J.

(R. BANUMATHI)

……………………….J.

(A.S. BOPANNA)

New Delhi,

July 16, 2019


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