https://www.taxtmi.com/caselaws?id=288597 A security bond over an oil engine installed in cinema premises was examined to determine whether it concerned immovable property for constructive notice purposes under Explanation 1 to Section 3 of the Transfer of Property Act. The character of attached machinery depends on the nature of annexation, the circumstances of fixing, the installer's title, and the object of attachment. Machinery fixed to a concrete base is not automatically immovable property; where tenants with only a temporary and precarious interest install it for use during occupation, the attachment is treated as relating to the chattel itself. On these facts, the bond dealt with movable property, so constructive notice to a later transferee did not arise. en-us Tue, 05 Dec 1939 00:00:00 +0530 Thu, 18 Jun 2020 12:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288597 A security bond over an oil engine installed in cinema premises was examined to determine whether it concerned immovable property for constructive notice purposes under Explanation 1 to Section 3 of the Transfer of Property Act. The character of attached machinery depends on the nature of annexation, the circumstances of fixing, the installer's title, and the object of attachment. Machinery fixed to a concrete base is not automatically immovable property; where tenants with only a temporary and precarious interest install it for use during occupation, the attachment is treated as relating to the chattel itself. On these facts, the bond dealt with movable property, so constructive notice to a later transferee did not arise. Case-Laws Indian Laws Tue, 05 Dec 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288597