A suit for redemption is typically filed under Sections (60--66) of the Transfer of Property Act, 1882 when a mortgagor (borrower) wants to reclaim their property from a mortgagee (lender) after paying off the mortgage debt. The specific timing for filing a suit for redemption can depend on various factors, including the terms of the mortgage agreement and the circumstances surrounding the mortgage. Some general circumstances can be a suit upon maturity of the mortgage, the mortgage agreement specifies a particular date for the repayment of the mortgage debt, before maturity with lender's consent, in some cases, the lender may agree to release the mortgage before the specified maturity date, after default, if the mortgagor has defaulted on the mortgage payments, they can still file a suit for redemption, but it may involve additional legal complications or there is a dispute or disagreement between the mortgagor and mortgagee regarding the redemption process, the mortgagor can file a suit for redemption to seek a legal resolution.
The term pre-emption is composed of two words: prae--- means before, and emptio, and it means right of pre-emption means the right possessed by a person to acquire a property sold to another in preference to that other by paying a price equal to that settled, or paid by the later. Hence right of pre-emption means a right to acquire by purchase an immovable property in preference to other person by reason of pre-emption right. Right of pre-emption is termed as an exceptional right and according to one of the rules of interpretation, exceptions are always very restricted and limited in nature and these are to be strictly followed. Hence, in exercising this right of pre-emption, pre-emptor has to abide by very strict conditions, imposed by law in case of non-compliance of which his right is relinquished. These are two fold, (i) regarding persons who can claim shuffa and (ii) the process to be followed by such person in order to succeeded in his claim. Generally, right of pre-emption cannot be exercised by everyone, as only following three classes of persons are entitled to claim this right: (a) co-owner of the property sold (b) participator in easement rights over the property sold (c) neighbor, owner of immovable property adjacent to the sold property. Any person of above class can claim pre-emption through filing suit pre-emption before the court, subject to fulfillment of