Based on the provided legal document, here are the key points regarding the judgment in Sampuran Singh & Ors. vs. Smt. Niranjan Kaur & Ors.:

• Validity of Oral Mortgage: An oral mortgage executed in March 1893 for Rs. 53/- with delivery of possession was held to be valid under the law applicable at that time (prior to the extension of the Transfer of Property Act), meaning the mortgage came into existence on the very day of its execution. (!) (!) (!) (!) (!)
• Start of Limitation Period: The period of limitation for the right of redemption starts from the very first date of a valid mortgage unless there is a specific restriction in the mortgage deed. Since no restriction existed, the 60-year limitation period began in March 1893, making the suit filed in 1980 time-barred. (!) (!) (!) (!)
• Ineffectiveness of Acknowledgment: An acknowledgment of liability made after the expiration of the prescribed period for filing a suit does not revive or extend the limitation period. Section 18(1) of the Limitation Act requires the acknowledgment to be made before the expiration of the prescribed period. (!) (!) (!)
• Specific Facts of Acknowledgment: The original mortgagees acknowledged the existence of the mortgage via a registered sale deed dated 11th January 1960. However, since the limitation period had already expired in 1953 (March 1893 + 60 years), this acknowledgment in 1960 could not revive the limitation. (!) (!) (!)
• Rejection of "Right to Redeem" Theory: The argument that the right to redeem only accrues when the mortgagor tenders payment or the mortgagee communicates satisfaction through usufruct is rejected; such an interpretation would allow the limitation period to run indefinitely. The right accrues from the date of mortgage execution. (!) (!) (!)
• Irrelevance of Other Cases: The doctrine of election (approbate and reprobate) and the C. Beepathumma case regarding usufructuary mortgages do not apply to support the revival of limitation in this specific oral mortgage case. (!) (!) (!) (!)
• Statutory Limitation Period: The applicable period of limitation for redeeming a mortgaged property was 60 years from the date the right to recover possession accrued, not 30 years. (!) (!) (!) (!)
• Outcome: The appeal filed by the mortgagors (appellants) seeking redemption of the suit land was dismissed as the suit was barred by limitation. (!) (!)