https://www.taxtmi.com/caselaws?id=358376 Once industrial plots were conveyed by registered sale deeds transferring absolute title, pre-conveyance allotment conditions that were not incorporated into the deeds could not be unilaterally revived or enforced by the transferor. The earlier stipulation to complete construction within two years ceased to operate against the purchasers after execution and full consideration, and there was no contractual or statutory basis to cancel the allotment on that ground. A further demand for 50% of the prevailing market value as a condition for additional time to construct likewise lacked legal footing, because any such monetary demand must rest on a valid enforceable basis attached to the transfer. en-us Tue, 10 Apr 2018 00:00:00 +0530 Tue, 10 Apr 2018 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358376 Once industrial plots were conveyed by registered sale deeds transferring absolute title, pre-conveyance allotment conditions that were not incorporated into the deeds could not be unilaterally revived or enforced by the transferor. The earlier stipulation to complete construction within two years ceased to operate against the purchasers after execution and full consideration, and there was no contractual or statutory basis to cancel the allotment on that ground. A further demand for 50% of the prevailing market value as a condition for additional time to construct likewise lacked legal footing, because any such monetary demand must rest on a valid enforceable basis attached to the transfer. Case-Laws Companies Law Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358376