Singh Ram (D) Tr.Lr vs Sheo Ram & Ors

The Supreme Court addressed the interpretation of Article 61 of the Limitation Act, 1963, in the context of usufructuary mortgages, holding that there is no fixed time limit for a mortgagor to seek redemption. The Court clarified that the right to seek redemption arises only when the mortgagor pays or tenders the mortgage money, thus affirming the Full Bench decision of the Punjab and Haryana High Court. The Court emphasized that the principle 'once a mortgage always a mortgage' applies, and the appeal was dismissed, upholding the lower court's ruling.