Mortgagor's right under S. 62 continue till mortgage money is paid - Mere expiry of period of 30 years from date of mortgage - Does not extinguish right of mortgagor under S. 62 and mortgagee cannot claim to be owner.

Citation 

AIROnline 2018 SC 249

2018 (15) SCC 341

SUPREME COURT 

R. BANUMATHI, J. and VINEET SARAN, J.

Civil Appeal No. 8994 of 2018 D/-28-8-2018

Bir Singh v. Ram Kanwar Singh(d)

Transfer of Property Act (4 of 1882), S.60, S.62 Usufructuary mortgage - Redemption of - Limitation - Mortgagee, claiming grant of ownership by contending that right of morgagor has been foreclosed - Mortgagor's right under S. 62 continue till mortgage money is paid - Mere expiry of period of 30 years from date of mortgage - Does not extinguish right of mortgagor under S. 62 and mortgagee cannot claim to be owner.

(2014) 9 SCC 185, relied on.     - (Para 4)