In Usufructuary Mortgage, Limitation Period for Redemption Commences from Date of Payment of Mortgage: Supreme Court

The Supreme Court of India has clarified an important legal position relating to usufructuary mortgages and the starting point of limitation for redemption. The Court held that the limitation period does not begin from the date of creation of the mortgage. Instead, it begins only when the mortgage money is actually paid or lawfully adjusted. This judgment protects the mortgagor’s continuing right of redemption and prevents mortgagees from claiming ownership…