Right of redemption recognised under the Act is a statutory and legal right which cannot be extinguished. ” …The right of redemption recognised under the Transfer of Property Act is thus a statutory and legal right which cannot be extinguished by any agreement made at the time of mortgage as part of the mortgage transaction.”
TPA S. 59 , TPA S. 60 , TPA S. 91
Shivdev Singh v. Sucha Singh, (2000) 4 SCC 326
