(1.) THIS appeal is by the defendant against the decree, dated 10-1-1959, passed by shri S. L. Sharma, Second Additional District Judge, indore, in Civil Suit No. 14 of 1961, decreeing the first respondent's suit for redemption of it mortgage, dated 26-11-1929 which he had executed in favour of the appellant, Devisahai.
(2.) THE first respondent, Sardar Govindrao is owner of the suit house. He executed a possessory mortgage in favour of the appellant on 26-11-1929 for a consideration of Rs. 10,000/ -. Subsequent to the mortgage, certain other developments have taken place on the strength of which the appellant contests the mortgagor's right to redeem. According to the appellant, the mortgagor had agreed to sell the mortgaged properly to him for a consideration of Rs. 50,000/-; and in pursuance of the same, a sale deed was actually executed and duly signed on 10-10-1950. But before presentation of the sale deed for registration, the mortgagor changed his mind and by using the other stamp papers of the deed except the first and the last, the mortgagor altered it into a deed of sale, dated 14-10-1950 in favour of the second respondent. Gyarsilal, for a consideration of rs. 50,000/ -. At the time of the sale deed in favour of the appellant, an account of the mortgage transaction was made and a round sum of Rs. 25,000/- was settled to he adjusted. The appellant was to pay the balance of Rs. 25,000/- in cash. As there was a completed contract in favour of the appellant, he claimed the benefit of part performance under Section 53-A of the Transfer of Property Act to resist the mortgagor's claim for redemption, and also contended that the second appellant, Gyarsilal did not get any valid title by virtue of the subsequent sale deed, dated 14-10-1950 executed by the mortgagor.
(3.) THE plaintiff respondents contended that the mortgagee, Devisahai was not entitled to resist the claim for redemption by relying on the doctrine of part performance and that Section 53-A of the Transfer of Properly Act was not at all attracted