Section 126: Mortgages not to be questioned on insolvency of Mortgagors

Q: What does Section 126 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) deal with?

Section 126 TMSCHSA pertains to "Mortgages not to be questioned on insolvency of Mortgagors". It is part of the The Multi-State Co-operative Housing Societies Act, a legislation enacted by the Parliament of India. Section 126 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs mortgages not to be questioned on insolvency of Mortgagors. As verified on 19 May 2026.

Q: Is Section 126 TMSCHSA still in force?

Yes, Section 126 of the The Multi-State Co-operative Housing Societies Act is currently in force across the Republic of India.

Q: What is धारा 126 TMSCHSA?

धारा 126 TMSCHSA is the Devanagari Hindi reference for Section 126 of the The Multi-State Co-operative Housing Societies Act. Section 126 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs mortgages not to be questioned on insolvency of Mortgagors. As verified on 19 May 2026.

Q: What is Dhara 126 TMSCHSA?

Dhara 126 TMSCHSA is the Roman Hindi reference for Section 126 of the The Multi-State Co-operative Housing Societies Act. "Dhara" means "Section" in Hindi. Section 126 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs mortgages not to be questioned on insolvency of Mortgagors. As verified on 19 May 2026.

Q: How to cite Section 126 of The Multi-State Co-operative Housing Societies Act?

Cite as: "Section 126, The Multi-State Co-operative Housing Societies Act (TMSCHSA)" in legal briefs. For academic writing, use the BlueBook format: The Multi-State Co-operative Housing Societies Act, § 126 (India).

Law on Tips Editorial Board

- Notwithstanding anything contained in the Presidency-Towns Insolvency Act, 1909 (III of 1909) or the Provincial Insolvency Act, 1920 (V of 1920) or any corresponding law for the time being in force, a mortgage, executed in favour of a [Land Development Bank] [Substituted for the words 'Land Mortgage Bank' by Gujarat 24 of 1964] shall not be called in question on the ground that it was not executed in good faith for valuable consideration, or on the ground that it was executed in order to give the bank a preference over other creditors of the mortgagor.