Section 61 of Transfer of Property Act - Right to redeem separately or simultaneously
Section 61 Transfer of Property Act Description
In the case of a usufructuary mortgage, the mortgagor has a right to recover possession of the property [together with the mortgage deed and all documents relating to the mortgaged property which are in the possession or power of the mortgagee],-
(a) where the mortgagee is authorised to pay himself the mortgage-money from the rents and profits of the property,- when such money is paid.
(b) where the mortgagee is authorised to pay himself from such rents and profits [or any part thereof a part only of the mortgage-money],-when the term, if any, prescribed for the payment of the mortgage-money has expired and the mortgagor pays or tenders to the mortgagee [the mortgage-money or the balance thereof] or deposits it in Court as hereinafter provided.
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