https://www.taxtmi.com/caselaws?id=191488 A pre-emptive right under the Berar Land Revenue Code arose only on a completed transfer, so a mere agreement for sale did not trigger pre-emption where no valid registered conveyance had yet been executed. Because Section 54 of the Transfer of Property Act treats a contract for sale as creating no interest in immovable property, title did not pass until registration was completed where required. The Court also treated pre-emption as a weak statutory right of substitution and held that parties could lawfully arrange their transaction so that the right did not accrue; that conduct was not fraud merely because it prevented the right from arising. No enforceable pre-emption right had accrued when the suit was filed. en-us Tue, 23 Aug 1960 00:00:00 +0530 Tue, 25 Apr 2017 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191488 A pre-emptive right under the Berar Land Revenue Code arose only on a completed transfer, so a mere agreement for sale did not trigger pre-emption where no valid registered conveyance had yet been executed. Because Section 54 of the Transfer of Property Act treats a contract for sale as creating no interest in immovable property, title did not pass until registration was completed where required. The Court also treated pre-emption as a weak statutory right of substitution and held that parties could lawfully arrange their transaction so that the right did not accrue; that conduct was not fraud merely because it prevented the right from arising. No enforceable pre-emption right had accrued when the suit was filed. Case-Laws Indian Laws Tue, 23 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191488