Supreme Court of India · 2016-05-02
M/S MEDIA VIDEO LIMITED (REAL ESTATE DIVISION) vs SANDEEP KUMAR
- Citation / case number
- SC 2016/4683
- Court
- Supreme Court of India
- Petitioner
- M/S MEDIA VIDEO LIMITED (REAL ESTATE DIVISION)
- Respondent
- SANDEEP KUMAR
- Author
- Prafulla C. Pant
- Bench
- PRAFULLA C. PANT RANJAN GOGOI
Judgment text excerpt
The Supreme Court held that the deed dated 30.12.1960, executed by the original plaintiffs, constituted a mortgage by conditional sale under Section 58(c) of the Transfer of Property Act, 1882, rather than a mere conditional sale. The Court found that the High Court correctly interpreted the deed, allowing the plaintiffs to redeem the property upon payment of Rs.10,000 within six months. The appeal by the defendants was dismissed, affirming the High Court's decree for redemption of the property.