https://www.taxtmi.com/caselaws?id=168598 A contract for sale of immovable property does not by itself create an interest in the land, but it may impose enforceable obligations annexed to ownership and an obligation in the nature of a trust. The covenant requiring the owner to sell the property by public auction and account for the surplus was treated as a separable and specifically enforceable part of the bargain, because damages were not an adequate substitute. Later tenancy and urban land statutes did not defeat the contractual right, but the relief had to be moulded to conform to the supervening Urban Land (Ceiling and Regulation) Act, 1976 and operate through the statutory mechanism. en-us Mon, 21 Apr 1980 00:00:00 +0530 Mon, 16 Mar 2015 11:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168598 A contract for sale of immovable property does not by itself create an interest in the land, but it may impose enforceable obligations annexed to ownership and an obligation in the nature of a trust. The covenant requiring the owner to sell the property by public auction and account for the surplus was treated as a separable and specifically enforceable part of the bargain, because damages were not an adequate substitute. Later tenancy and urban land statutes did not defeat the contractual right, but the relief had to be moulded to conform to the supervening Urban Land (Ceiling and Regulation) Act, 1976 and operate through the statutory mechanism. Case-Laws Indian Laws Mon, 21 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168598