In the context of the law of mortgages under the Transfer of Property Act, 1882, "Redemption is the…

The observation that redemption is the very heart and essence of a mortgage—reflecting the equitable maxim 'once a mortgage, always a mortgage'—was made by Lord Halsbury L.C. in the leading House of Lords decision Noakes & Co. Ltd. v. Rice, [1902] AC 24. In Indian law, the mortgagor's statutory right of redemption is embodied in Section 60 of the Transfer of Property Act, 1882, and any stipulation that clogs or fetters the equity of redemption is void.