MORTGAGE RELEASE DEED
Deed date: 2 April 2026
Mortgagee: ABC Bank Ltd, Sector 17, Chandigarh. Mortgagor: Aarav Sharma, Sector 21, Panchkula.
Loan: Home loan ending 1188. Property: Apartment 804, ABC Heights, SAS Nagar, Punjab; Apartment 804, Tower B; deed no. 2345.. Regime: Punjab freehold/revenue-record property.
Original mortgage: X. Secured amount: ₹25,000 (Rupees Twenty Five Thousand only). Debt discharged on 1 April 2026 under X.
RELEASE
The Mortgagee releases: Entire mortgage interest created by the identified mortgage deed..
LEGAL BASIS
Punjab: Section 60 of the Transfer of Property Act, 1882 governs redemption. A release extinguishing an immovable-property mortgage right is registrable under section 17 of the Registration Act, 1908 and should be presented within four months under section 23; the jurisdictional Sub-Registrar receives it and refusal remedies follow sections 72 or 73. If the property is a development-authority allotment, the authority file under the Punjab Regional and Town Planning and Development Act, 1995 must also be aligned; section 43(7) is the authority-property transfer or mortgage permission provision.