https://www.taxtmi.com/caselaws?id=211623 An agreement to sell does not by itself transfer title or create an interest in immovable property under Section 54 of the Transfer of Property Act, 1882, while a will operates only on the testator's death and a power of attorney is merely an authority to act. A bona fide transferee who has paid consideration and taken possession may rely on Section 53-A to protect possession against the transferor or persons claiming under him, and the agency interest principle in Section 202 may reinforce that protection. In winding up, post-commencement dispositions remain subject to Sections 536(2) and 537(1) of the Companies Act, 1956, but title continues to vest in the company unless the court directs otherwise. en-us Fri, 08 Jul 2011 00:00:00 +0530 Sat, 17 Mar 2012 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211623 An agreement to sell does not by itself transfer title or create an interest in immovable property under Section 54 of the Transfer of Property Act, 1882, while a will operates only on the testator's death and a power of attorney is merely an authority to act. A bona fide transferee who has paid consideration and taken possession may rely on Section 53-A to protect possession against the transferor or persons claiming under him, and the agency interest principle in Section 202 may reinforce that protection. In winding up, post-commencement dispositions remain subject to Sections 536(2) and 537(1) of the Companies Act, 1956, but title continues to vest in the company unless the court directs otherwise. Case-Laws Companies Law Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211623