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Limitation Act, 1963 · First Division — Suits · Part V. — Suits Relating To Immovable Property

Article 61: By a mortgagor— (a) to redeem or recover possession of immovable property mortgaged; (b)…

Description of suitBy a mortgagor— (a) to redeem or recover possession of immovable property mortgaged; (b) to recover possession of immovable property mortgaged and afterwards transferred by the mortgagee for a valuable consideration; (c) to recover surplus collections received by the mortgagee after the mortgage has been satisfied.
Period of limitationThirty years. Twelve years. Three years.
Time from which period begins to runWhen the right to redeem or to recover possession accrues. When the transfer becomes known to the plaintiff. When the mortgagor re-enters on the mortgaged property.

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Read the Limitation Act

Source: official text of the Limitation Act, 1963 (India Code).