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Section 31
Lessee of mortgaged property
(1) If any person who leases goods before the maturity of such mortgage right without knowledge of the right of mortgage, the right of mortgage on such goods shall not affect his right of lease on such goods. (2) The person who leases goods in the course of regular business transactions shall Even if the right of mortgage is matured and the right of mortgage is known, the right of mortgage on such goods will not affect the right of his lease. If such details are mentioned in a wrong manner, the right of mortgage on the vehicle with such serial number will not affect the right of its lease.