78. Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.
Transfer of Property Act, 1882
Section 78: Postponement of prior mortgagee
Chapter IV — Of Mortgages of Immoveable Property and Charges
Source: official text of the Transfer of Property Act, 1882.