https://www.taxtmi.com/caselaws?id=465286 In a suit for redemption of a usufructuary mortgage, the mortgagor's statutory right of redemption under Section 60 of the Transfer of Property Act continues so long as the mortgage subsists and is not extinguished merely because the redemption amount was not deposited within the time fixed in the preliminary decree. Order XXXIV, Rule 8 CPC preserves the mortgagor's ability to seek a final decree, and Article 137 of the Limitation Act does not bar such an application on that ground alone. The Court distinguished authorities concerning other kinds of mortgage and treated earlier observations suggesting a three-year bar as inapplicable to usufructuary mortgages. en-us Wed, 15 Jan 2003 00:00:00 +0530 Mon, 15 Dec 2025 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465286 In a suit for redemption of a usufructuary mortgage, the mortgagor's statutory right of redemption under Section 60 of the Transfer of Property Act continues so long as the mortgage subsists and is not extinguished merely because the redemption amount was not deposited within the time fixed in the preliminary decree. Order XXXIV, Rule 8 CPC preserves the mortgagor's ability to seek a final decree, and Article 137 of the Limitation Act does not bar such an application on that ground alone. The Court distinguished authorities concerning other kinds of mortgage and treated earlier observations suggesting a three-year bar as inapplicable to usufructuary mortgages. Case-Laws Indian Laws Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465286