The following observation has been made by the Hon’ble Supreme Court, with respect to the right of redemption in the case of Jamila Begum (D) thr. L.Rs. vs. Shami Mohd. (D) thr. L.Rs. and Ors. MANU/SC/1488/2018
“The right of redemption can be extinguished as provided in proviso to Section 60 of the Transfer of Property Act. It can be extinguished either by the act of the parties or by decree of a court. The expression “act of parties” refers to some transaction subsequent to the mortgage, standing barred from the mortgage transaction. As discussed earlier, in this case Jamila Begum-one of the mortgagees has purchased the property by the sale deed dated 21.12.1970 and thus, she purchased the entire equity of redemption by the execution of the sale deed, the mortgage qua the Appellant has merged with the sale.”
