https://www.taxtmi.com/caselaws?id=199612 The Supreme Court upheld the High Court's majority judgment, concluding that the usufructuary mortgage deed was a sham transaction without consideration, intended to defraud creditors. The sale deed and release deed were deemed void due to the fictitious insertion of a non-existent plot. The respondent retained possession of 'Krishna Bhavan' as the owner, leading to the dismissal of the appeal without any cost orders. en-us Wed, 09 Aug 1972 00:00:00 +0530 Wed, 07 Mar 2018 17:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199612 The Supreme Court upheld the High Court's majority judgment, concluding that the usufructuary mortgage deed was a sham transaction without consideration, intended to defraud creditors. The sale deed and release deed were deemed void due to the fictitious insertion of a non-existent plot. The respondent retained possession of 'Krishna Bhavan' as the owner, leading to the dismissal of the appeal without any cost orders. Case-Laws Indian Laws Wed, 09 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199612