https://www.taxtmi.com/caselaws?id=180108 Release deeds recording that mortgage debts were extinguished by payment do not acknowledge a subsisting liability for limitation purposes, because an acknowledgement must admit an existing liability. Where the Transfer of Property Act does not apply, a co-mortgagor redeeming the entire mortgage is equitably subrogated to the mortgagee's rights to obtain contribution, while a non-redeeming co-mortgagor may redeem that share and recover possession upon paying the proportionate liability. That equitable right continues only while the redeeming co-mortgagor's contribution right survives. Limitation runs, at the latest, from redemption; the claim was time-barred because it was brought beyond the applicable periods. en-us Fri, 24 Aug 1979 00:00:00 +0530 Wed, 16 Mar 2016 17:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180108 Release deeds recording that mortgage debts were extinguished by payment do not acknowledge a subsisting liability for limitation purposes, because an acknowledgement must admit an existing liability. Where the Transfer of Property Act does not apply, a co-mortgagor redeeming the entire mortgage is equitably subrogated to the mortgagee's rights to obtain contribution, while a non-redeeming co-mortgagor may redeem that share and recover possession upon paying the proportionate liability. That equitable right continues only while the redeeming co-mortgagor's contribution right survives. Limitation runs, at the latest, from redemption; the claim was time-barred because it was brought beyond the applicable periods. Case-Laws Indian Laws Fri, 24 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180108