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.

PLR Supreme Court 

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