https://www.taxtmi.com/caselaws?id=281364 The court held that the beneficial interest in the contract was assignable, as it did not impose personal obligations on the assignor. However, the assignment was deemed fraudulent to defraud creditors, rendering it inoperative under the Transfer of Property Act. Despite insolvency proceedings and the Official Assignee's inaction, the defendant Company was entitled to judgment as the plaintiff failed to demonstrate readiness to perform under the contract and exercise options, leading to the dismissal of the suit with costs. en-us Tue, 08 May 1906 00:00:00 +0530 Sat, 15 Jun 2019 15:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281364 The court held that the beneficial interest in the contract was assignable, as it did not impose personal obligations on the assignor. However, the assignment was deemed fraudulent to defraud creditors, rendering it inoperative under the Transfer of Property Act. Despite insolvency proceedings and the Official Assignee's inaction, the defendant Company was entitled to judgment as the plaintiff failed to demonstrate readiness to perform under the contract and exercise options, leading to the dismissal of the suit with costs. Case-Laws Indian Laws Tue, 08 May 1906 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281364