https://www.taxtmi.com/caselaws?id=109269 Valid allotment and possession documents issued under the society's prescribed procedure were treated as sufficient to establish the company's title to Shop No. 103, and a transferor who had already parted with that interest could not later create a better title in a third party. A subsequent allotment, possession claim, or collateral arrangement in favour of another person was therefore ineffective against the company's prior vested rights. Actual possession alone did not confer ownership where no valid title flowed from the true owner. The liquidator, representing the company's interest, was entitled to recover possession, and the later transferee could not resist that claim. en-us Fri, 02 Jul 2004 00:00:00 +0530 Sat, 07 Apr 2012 12:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109269 Valid allotment and possession documents issued under the society's prescribed procedure were treated as sufficient to establish the company's title to Shop No. 103, and a transferor who had already parted with that interest could not later create a better title in a third party. A subsequent allotment, possession claim, or collateral arrangement in favour of another person was therefore ineffective against the company's prior vested rights. Actual possession alone did not confer ownership where no valid title flowed from the true owner. The liquidator, representing the company's interest, was entitled to recover possession, and the later transferee could not resist that claim. Case-Laws Companies Law Fri, 02 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109269