Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Corporate Law

No limitation period in case of usufructuary mortgage: SC

Case Law Details

TaxGuru Citation
2021 taxguru.in 2581
Case Name
Ram Rattan (Dead) By Lrs. Vs Devi Ram & Ors. (Supreme Court of India)
Date of Judgement/Order
Only available for paid members
Advertisement

Ram Rattan (Dead) By Lrs. Vs Devi Ram & Ors. (Supreme Court of India)

Office Report dated 25.09.2021 shows that since the erstwhile counsel appearing for the appellants has been designated as Senior Advocate, notice of alternative arrangement was issued to all the appellants. It is reported that notices have been delivered to the appellants, but no one has entered appearance on their behalf.

Hence, service is treated as complete in the matter.

The plaintiff is in appeal before this Court. The plaintiff is the Mortgagee under Ram Lal, Mortgagor. The grievance of the appellants is that the Mortgage was 45 years before filing of the suit, therefore, they have become owners of the suit property. The Full Bench of Punjab and Haryana High Court, in Ram Kishan & Ors. Vs. Sheo Ram & Ors.”, has held that there is no limitation period in case of usufructuary mortgage. “Once a mortgage always a mortgage” was the principle applied. The said Judgment has been upheld by this Court in Singh Ram  (D) Through LRS Vs. Sheo Ram & Ors.” reported in (2014) 9 SCC 185.

In fact, there is a reference to the Special Leave Petition filed against the decision of Full Bench. It is the same Special Leave Petition which has been decided in Singh Ram (D) (Supra).

In view of above, the civil appeal is dismissed. Pending interlocutory application(s), if any, is/are disposed of.

The Civil Appeal is dismissed in terms of the signed order. Pending interlocutory application(s), if any, is/are disposed

Paid content

Become a Basic or Premium Member, or log in if you are already a Basic or Premium member.

Advertisement

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.