https://www.taxtmi.com/caselaws?id=199758 An agreement over mining assets may cross from an interim working arrangement into a prohibited transfer where it gives exclusive possession, control of collieries, and authority to work, raise, and sell minerals, even if formal lease execution and government approval were contemplated. On that analysis, the document was treated as infringing statutory restrictions on transfer of mining rights to the extent it conferred an interest in the mines, though it was not characterised as a wholly void present demise. A perfected consent order, once acted upon and relied on, was not recalled or set aside; the court instead preserved controlled operation and directed supervised management of the assets pending lawful permission and further orders. en-us Tue, 25 Aug 1964 00:00:00 +0530 Mon, 12 Mar 2018 11:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199758 An agreement over mining assets may cross from an interim working arrangement into a prohibited transfer where it gives exclusive possession, control of collieries, and authority to work, raise, and sell minerals, even if formal lease execution and government approval were contemplated. On that analysis, the document was treated as infringing statutory restrictions on transfer of mining rights to the extent it conferred an interest in the mines, though it was not characterised as a wholly void present demise. A perfected consent order, once acted upon and relied on, was not recalled or set aside; the court instead preserved controlled operation and directed supervised management of the assets pending lawful permission and further orders. Case-Laws Companies Law Tue, 25 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199758