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    <title>1961 (9) TMI 83 - MADRAS HIGH COURT</title>
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    <description>A right to obtain reconveyance of immovable property was treated as an assignable property right, enforceable by the assignee unless the agreement clearly excluded transferability or a valid legal bar applied. The restrictive language in the reconveyance document was read as preserving the vendor&#039;s and heirs&#039; rights, not as creating a purely personal and non-assignable obligation. Allegations of fraud were rejected, and the leaseback arrangement and rent arrears did not defeat assignment. Section 7(1) of Madras Act 1 of 1955 was held not to bar enforcement by a third-party assignee, so the reconveyance claim remained specifically enforceable.</description>
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    <pubDate>Fri, 15 Sep 1961 00:00:00 +0530</pubDate>
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      <title>1961 (9) TMI 83 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=192501</link>
      <description>A right to obtain reconveyance of immovable property was treated as an assignable property right, enforceable by the assignee unless the agreement clearly excluded transferability or a valid legal bar applied. The restrictive language in the reconveyance document was read as preserving the vendor&#039;s and heirs&#039; rights, not as creating a purely personal and non-assignable obligation. Allegations of fraud were rejected, and the leaseback arrangement and rent arrears did not defeat assignment. Section 7(1) of Madras Act 1 of 1955 was held not to bar enforcement by a third-party assignee, so the reconveyance claim remained specifically enforceable.</description>
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      <pubDate>Fri, 15 Sep 1961 00:00:00 +0530</pubDate>
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