https://www.taxtmi.com/caselaws?id=175806 A reconveyance clause survives later sale formalities unless novation, abandonment, or express surrender is pleaded and proved; omission of a reconveyance recital in the sale deed does not by itself extinguish the original option to repurchase. A new plea of breach or fresh contract cannot be introduced for the first time in second appeal without pleadings, issue, or evidence. Under the Provincial Insolvency Act, unconditional annulment retrospectively restores the debtor's rights and validates acts done during insolvency, subject to statutory exceptions for court or receiver acts. Where time is fixed, the option to repurchase must be exercised within that period, and a specific performance suit runs from refusal if no time is fixed for execution of the reconveyance deed. en-us Thu, 13 Aug 1998 00:00:00 +0530 Sat, 05 Dec 2015 14:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175806 A reconveyance clause survives later sale formalities unless novation, abandonment, or express surrender is pleaded and proved; omission of a reconveyance recital in the sale deed does not by itself extinguish the original option to repurchase. A new plea of breach or fresh contract cannot be introduced for the first time in second appeal without pleadings, issue, or evidence. Under the Provincial Insolvency Act, unconditional annulment retrospectively restores the debtor's rights and validates acts done during insolvency, subject to statutory exceptions for court or receiver acts. Where time is fixed, the option to repurchase must be exercised within that period, and a specific performance suit runs from refusal if no time is fixed for execution of the reconveyance deed. Case-Laws Indian Laws Thu, 13 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175806