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    <title>2009 (3) TMI 1072 - BOMBAY HIGH COURT</title>
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    <description>TDR, treated as a benefit arising out of immovable property, requires registration for an enforceable transfer; where the transfer documents are unregistered, no substantive relief can be founded against transferees in respect of the TDR or constructions made from it. By contrast, admitted partnership facts, including dissolution, transfer of the firm&#039;s substantial asset, and receipt of sale proceeds, justify securing the realised amount pending accounts and proceeding by way of dissolution and accounts, including production of accounts and creditor-related documents. The operative distinction is between unenforceable unregistered transfer rights against transferees and the court&#039;s power to protect admitted partnership assets for accounting on dissolution.</description>
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    <pubDate>Wed, 18 Mar 2009 00:00:00 +0530</pubDate>
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      <title>2009 (3) TMI 1072 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=280868</link>
      <description>TDR, treated as a benefit arising out of immovable property, requires registration for an enforceable transfer; where the transfer documents are unregistered, no substantive relief can be founded against transferees in respect of the TDR or constructions made from it. By contrast, admitted partnership facts, including dissolution, transfer of the firm&#039;s substantial asset, and receipt of sale proceeds, justify securing the realised amount pending accounts and proceeding by way of dissolution and accounts, including production of accounts and creditor-related documents. The operative distinction is between unenforceable unregistered transfer rights against transferees and the court&#039;s power to protect admitted partnership assets for accounting on dissolution.</description>
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