Butler v Butler
| Jurisdiction | Ireland |
| Judgment Date | 06 March 1925 |
| Date | 06 March 1925 |
| Court | Supreme Court (Irish Free State) |
Mortgagor in possession - Order appointing receiver - Time from which mortgagee is entitled to rents and profits - Distinction in case of bankrupt mortgagor -Order referring to Chambers account furnished by mortgagor - Consent of mortgagor -Effect of order - Estoppel.
The Supreme Court held that the owner of an estate which is subject to an equitable mortgage or charge is not bound to account as a trustee from the date of the institution of proceedings by the owner of the incumbrance to raise the amount thereby secured, or from the date of the order for sale, but from the date of the appointment of a receiver. Position of the equitable mortgagee when the estate of his mortgagor is in bankruptcy distinguished and commented on. Defendant, the owner of an estate which was subject to certain charges, consented to an order being made ex parte by the Judge...
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