Section 48. Entry of discharge of mortgage

48. Entry of discharge of mortgage .―Where a registered mortgage is discharged, the registrar shall, on the production of the mortgage deed with a receipt for the mortgage money endorsed thereon, duly signed and attested, make an entry in the register book to the effect that the mortgage 1. Subs. by Act 43 of 1981, s. 6, for "or any company which satisfies the requirements specified in clause (b) of section 21" (w.e.f.28-9-1981). 2. Subs. by Act 68 of 1993, s. 4, for "company or any co-operative society" (w.e.f. 27-10-1993). 3. Subs. by Act 58 of 1960, s. 3 and the Second Schedule, for "in any case" (w.e.f.16-12-1960). has been discharged, and on that entry being made the estate, if any, which passed to the mortgagee shall vest in the person in whom (having regard to intervening acts and circumstances, if any) it would have vested, if the mortgage had not been made.