https://www.taxtmi.com/caselaws?id=100692 False representations in sale deeds that a company owned land and could transfer encumbrance-free plots, when it in fact had no title and no genuine development or possession to convey, support purchasers' refund claims as debts with interest. A mere agreement to sell creates no interest in immovable property, and misstatements about possession and mutation reinforce the failure of title. Continuing assurances and repeated representations may also keep such claims from being treated as time-barred in winding-up proceedings where purchasers acted with due diligence and discovered the deception only later. en-us Mon, 08 Aug 1983 00:00:00 +0530 Fri, 03 Feb 2012 18:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100692 False representations in sale deeds that a company owned land and could transfer encumbrance-free plots, when it in fact had no title and no genuine development or possession to convey, support purchasers' refund claims as debts with interest. A mere agreement to sell creates no interest in immovable property, and misstatements about possession and mutation reinforce the failure of title. Continuing assurances and repeated representations may also keep such claims from being treated as time-barred in winding-up proceedings where purchasers acted with due diligence and discovered the deception only later. Case-Laws Companies Law Mon, 08 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100692