Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
SC held that unregistered sale deeds cannot transfer property ownership under Section 54 of Transfer of Property Act, even with possession transfer and payment. The case involved multiple unregistered transfers of a secured asset, including basement portions. The court emphasized that conveyance occurs only upon deed registration per Section 17 of Registration Act. Additionally, the court reaffirmed that public auctions cannot be invalidated without proof of material irregularity, illegality, fraud, or collusion. The SC overturned the HC's order, confirming that ownership remains with the original holder until proper registration, regardless of attempted transfers through unregistered documents. The appeal was allowed, upholding the validity of the bank's auction process.
SC held that unregistered sale deeds cannot transfer property ownership under Section 54 of Transfer of Property Act, even with possession transfer and payment. The case involved multiple unregistered transfers of a secured asset, including basement portions. The court emphasized that conveyance occurs only upon deed registration per Section 17 of Registration Act. Additionally, the court reaffirmed that public auctions cannot be invalidated without proof of material irregularity, illegality, fraud, or collusion. The SC overturned the HC's order, confirming that ownership remains with the original holder until proper registration, regardless of attempted transfers through unregistered documents. The appeal was allowed, upholding the validity of the bank's auction process.
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