In Usufructary Mortgage, Limitation Period For Redemption Runs From Date Of Payment Of Mortgage : Supreme Court

The Supreme Court has held that in cases of usufructuary mortgages, the period of limitation for redemption does not begin from the date of creation of the mortgage but only from the date on which the mortgage money is actually paid or adjusted in accordance with law.Dismissing an appeal filed by mortgagees seeking to defeat a redemption claim on the ground of limitation, the Court clarified…