Kanshi Ram & Anr vs Lachhman (Dead) Through Lrs

The Supreme Court held that the High Court erred in dismissing the suit as barred by limitation, emphasizing that the Himachal Pradesh Debt Reduction Act, 1976, specifically Section 6, allows a debtor to institute a suit for redemption of a mortgage at any time after the Act's commencement. The Court clarified that the suit was indeed for redemption and not merely for recovery of possession, thus establishing that the Act provides a fresh cause of action. The Court reversed the High Court's decision and reinstated the findings of the trial and appellate courts that the suit was filed within the prescribed time limit.