Section 60 The Transfer of Property Act, 1882

 

 Section 60 The Transfer of Property Act, 1882: 

Right of mortgagor to redeem.—At any time after the principal money has become 1[due], the mortgagor has a right, on payment or tender, at a proper time and place, of the mortgage-money, to require the mortgagee

(a) to deliver 2[to the mortgagor the mortgage-deed and all documents relating to the mortgaged property which are in the possession or power of the mortgagee], (b) where the mortgagee is in possession of the mortgaged property, to deliver possession thereof to the mortgagor, and (c) at the cost of the mortgagor either to re-transfer the mortgaged property to him or to such third person as he may direct, or to execute and (where the mortgage has been effected by a registered instrument) to have registered an acknowledgement in writing that any right in derogation of his interest transferred to the mortgagee has been extinguished: Provided that the right conferred by this section has not been extinguished by act of the parties or by 3[decree] of a Court. The right conferred by this section is called a right to redeem and a suit to enforce it is called a suit for redemption. Nothing in this section shall be deemed to render invalid any provision to the effect that, if the time fixed for payment of the principal money has been allowed to pass or no such time has been fixed, the mortgagee shall be entitled to reasonable notice before payment or tender of such money. Redemption of portion of mortgaged property.—Nothing in this section shall entitle a person interested in a share only of the mortgaged property to redeem his own share only, on payment of a proportionate part of the amount remaining due on the mortgage, except 4[only] where a mortgagee, or, if there are more mortgagees than one, all such mortgagees, has or have acquired, in whole or in part, the share of a mortgagor.

Supreme Court of India Important Judgments And Leading Case Law Related to Section 60 The Transfer of Property Act, 1882: 

Singh Ram (D) Tr.Lr vs Sheo Ram & Ors on 21 August, 2014

Allokam Peddabbayya vs Allahabad Bank . on 19 June, 2017

Narayan Deorao Javle (Deceased ) vs Krishna on 17 August, 2021

New Kenilworth Hotels (P) Ltd vs Ashoka Industries Ltd on 17 October, 1994

State Of Kerala And Others vs Koliyat Estates on 13 September, 1999

Achaldas Durgaji Oswal (Dead)  vs Ramvilas Gangabisan Heda (Dead) on 15 January, 2003

M/S.L.K.Trust vs Edc Ltd. & Ors on 10 May, 2011

Mhadagonda Ramgonda Patil & Ors vs Shripal Balwant Rainade & Ors on 22 April, 1988

Prithi Nath Singh And Others vs Suraj Ahir And Others on 4 May, 1962

Harbans Singh Etc vs Guran Ditta Singh Etc on 20 February, 1991

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