Meaning of KETTIADAKAM

KETTIADAKAM

Language - Tamil

Tamil Word - கெட்டியடகம்

The legal process of seizing or taking possession of mortgaged land due to the borrower's failure to pay the agreed-upon interest on the mortgage loan. Example: In Tamil Nadu real estate, if a borrower defaults on their mortgage payments, the lender may initiate 'kettiadakam' proceedings to reclaim the mortgaged property. This term highlights the legal consequences of defaulting on mortgage payments in Tamil Nadu, where lenders have the right to seize the mortgaged property to recover their losses.