No Limitation Period In Case Of A Usufructuary Mortgage : Supreme Court

The Supreme Court has observed that there is no limitation period in case of a usufructuary mortgage.A bench comprising Justices Hemant Gupta and V Ramasubramanian was dealing with an appeal filed by a mortgagee, who claimed ownership of the mortgaged property on the ground that 45 years had elapsed after the mortgage.The Supreme Court noted that the Full Bench of Punjab and Haryana High…