Right of redemption –
*Dod: 6.3.18/ reported 6.3.18*
SUPREME COURT e@journal
(2018)1 SCeJ 534
SARFAESI Act - Transfer of the Property Act - Right of redemption – Is available to a mortgagor unless it stands extinguished by an act of parties - The right of the mortgagor to redeem the property survives until there has been a transfer of the mortgagor’s interest by a registered instrument of sale – Exercise of the right of redemption is permissible before the execution of the sale in favour of the auction purchaser – Once the sale was complete and was registered, it was not open to the appellant to exercise the equity of redemption.
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