Distinguishing Between Lien and Hypothec
property cuet_pg advanced comparisonKya aap bhai logon ko puchenge hi nahin, so let's discuss. Ye do concepts property law mein bahut common hain, lekin maine pehle se hi confusion ke saath unhein samjhna hai. TPA ke chapter 4 ke chapter 3 mein, Hypothec and Lien dono bahut hi confusing hote hain. Sab log samajhte hain ki dono hi liasoning (holding over goods) ke liye use karte hain, lekin kya fark hai exactly? Lien wala concept goods par hota hai, jabki Hypothec real estate ya property par hota hai. To aap bhai log, please explain ki ye dono mein kya fark hai.
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Guys, I'm still trying to wrap my head around the difference between lien and hypothec. From what I understand, lien is a right to retain possession of property until a debt is cleared, whereas hypothec is a right to retain interest in property until debt is repaid. But what if the property's value increases or decreases during this period? Does the holder's interest change accordingly?
Additional Info: Ek baar maine kaha tha ki lien aur hypothec dono hi property par kiya jaataa hai, lekin kaafi mehnat se research kiya huaa hai aur maine dekha hai, lien ke liye ownership of property kisi dusre par nahin hota, jabki hypothec mein to property ka ownership property owner ke paas rahataa hai, par debt burden dusre par hota hai. Iske liye court ke decision aur judgements ko padhnaa jaruri hai.