https://www.taxtmi.com/caselaws?id=199822 A simple mortgage creates only a security interest, leaving the mortgagor with ownership and the equity of redemption until a valid sale becomes absolute. Persons with an interest in the security or redemption right should be joined in a mortgage suit; where the equity of redemption is not represented, a mortgage sale does not extinguish a non-party's possessory rights and the purchaser acquires no title against that person. Because the mortgage lien was already barred by limitation, the plaintiff could not treat the defendants' unexercised redemption right as an enforceable liability or eject them on the basis of the decree and sale. en-us Fri, 18 Mar 1938 00:00:00 +0530 Tue, 13 Mar 2018 17:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199822 A simple mortgage creates only a security interest, leaving the mortgagor with ownership and the equity of redemption until a valid sale becomes absolute. Persons with an interest in the security or redemption right should be joined in a mortgage suit; where the equity of redemption is not represented, a mortgage sale does not extinguish a non-party's possessory rights and the purchaser acquires no title against that person. Because the mortgage lien was already barred by limitation, the plaintiff could not treat the defendants' unexercised redemption right as an enforceable liability or eject them on the basis of the decree and sale. Case-Laws Indian Laws Fri, 18 Mar 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199822