Section 134: Sale of mortgaged property

Q: What does Section 134 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) deal with?

Section 134 TMSCHSA pertains to "Sale of mortgaged property". It is part of the The Multi-State Co-operative Housing Societies Act, a legislation enacted by the Parliament of India. Section 134 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs sale of mortgaged property. As verified on 19 May 2026.

Q: Is Section 134 TMSCHSA still in force?

Yes, Section 134 of the The Multi-State Co-operative Housing Societies Act is currently in force across the Republic of India.

Q: What is धारा 134 TMSCHSA?

धारा 134 TMSCHSA is the Devanagari Hindi reference for Section 134 of the The Multi-State Co-operative Housing Societies Act. Section 134 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs sale of mortgaged property. As verified on 19 May 2026.

Q: What is Dhara 134 TMSCHSA?

Dhara 134 TMSCHSA is the Roman Hindi reference for Section 134 of the The Multi-State Co-operative Housing Societies Act. "Dhara" means "Section" in Hindi. Section 134 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs sale of mortgaged property. As verified on 19 May 2026.

Q: How to cite Section 134 of The Multi-State Co-operative Housing Societies Act?

Cite as: "Section 134, 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, § 134 (India).

Law on Tips Editorial Board

(1)

Notwithstanding anything contained in the Transfer of Property Act, 1882 (IV of 1882), the [Land Development Bank] [Substituted for the words 'Land Mortgage Bank' by Gujarat 24 of 1964] or any person possessing the prescribed qualifications and authourised by the bank in this behalf shall, in case of default in payment of the mortgage money or any part thereof have power, in addition to any other remedy available to the bank to bring the mortgaged property to sale by public auction in the village in which the mortgaged property is situated or at the nearest place of public resort, without the intervention of the Court. Such sale shall be effected in accordance with the prescribed procedure.

(2)

No power under sub-section (1) shall be exercised, unless and until-

(a) notice in writing requiring payment of such mortgage money or part thereof has been served upon-

(b) no payment of such mortgaged money or part thereof, has been made till the expiry of three months after service of the notice.

(3)

If the [Primary Land Development Bank] [Substituted for the words 'Primary Land Mortgage Bank' by Gujarat 24 of 1964] fails to take action against the mortgagor under Section 132, Section 133 or under this section, the [State Land Development Bank] [Substituted for the words 'State Land Mortgage Bank' by Gujarat 24 of 1964] may direct it to take appropriate action and where no action is taken by the [Primary Land Development Bank] [Substituted for the words 'Primary Land Mortgage Bank' by Gujarat 24 of 1964], the [State Land Development Bank] [Substituted for the words 'State Land Mortgage Bank' by Gujarat 24 of 1964], may take such action and where the [State Land Development Bank] [Substituted for the words 'State Land Mortgage Bank' by Gujarat 24 of 1964] fails to take action, the 'trustee may direct it to take such action and where no action is taken thereupon by the [State Land Development Bank] [Substituted for the words 'State Land Mortgage Bank' by Gujarat 24 of 1964], the Trustee may take such action.