Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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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