64. Where the mortgaged property is a lease 3 ***, and the mortgagee obtains a renewal of the lease, the mortgagor, upon redemption, shall, in the absence of a contract by him to the contrary, have the benefit of the new lease.
Transfer of Property Act, 1882
Section 64: Renewal of mortgaged lease
Chapter IV — Of Mortgages of Immoveable Property and Charges
Source: official text of the Transfer of Property Act, 1882.