(1) Property pledged once cannot be pledged or transferred to another person twice.
(2) Contrary to sub-section (1), if someone has given a double mortgage, the deed of registration passed on the earlier date will be recognized and the latter deed will automatically be void.
(3) Due to the cancellation of the document according to sub-section (2), the amount of the creditor who knowingly takes the double-crossing document will be considered as cash and if it was taken without knowing it, it will be the same as cash.
(4) Regardless of what is written in sub-section (1), if there is a double deed, there is any kind of pledge from the first deed and if the right is transferred from the latter deed, the transferee can retain the right according to the deed by paying the amount as per the deed of the first deed.
(5) A person who submits a duplicate document according to this section shall be fined up to twenty five thousand rupees if the defect in the last document is found, according to such defect, if no such defect is found, according to the previous document, and if such defect is also not found. But no matter how much the violation is, the fine will not be more than one lakh rupees.
(6) Notwithstanding anything written elsewhere in this section, in the case of a double deed of mortgage, the first deed of possession shall be maintained within two years from the date of issuance of such deed, and in the case of the grant of a foreclosure, the usufructuary right shall be established within two years from the date of becoming eligible for enjoyment.
(7) If the usufruct cannot be maintained as per sub-section (6), the creditor's amount will be equal to Kapali.