A.N.RAY, JASWANT SINGH
Shah Mathura Das Maganlal And Co – Appellant
Versus
Nagappa Shankarappa Malage – Respondent
JUDGMENT
RAY C. J.:— This appeal by special leave is from the judgment dated 6 February, 1970 of the High Court at Bombay. The Respondent No. 1 obtained a decree for redemption of mortgage dated 21 May 1953 for possession of mortgaged property consisting of a shop and house premises at Sangli.
2. The appellant was mortgagee in possession of the property by a Deed of Mortgage dated 21 May, 1953. The property was mortgaged for Rs. 10,000/- No interest was to be paid, Instead possession of the property was agreed to remain with the mortgagee. The period for redeeming the mortgage was fixed for 10 years from 7 November, 1953.
3. The respondent mortgagor by notice dated 1 October, 1963 informed the appellant that he was ready and willing to redeem the mortgage. The appellant replied that he should be paid Rs. 30,000/- being the expenses for repairs and other incidental expenses. The appellant also claimed that even after the redemption he was entitled to retain possession because his previous tenancy right subsisted.
4. The trial Court held that the tenancy of the appellant would revive on redemption of the mortgage. The trial Court further decreed that the respondent was entitled to get o
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