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    <title>2021 (10) TMI 387 - NATIONAL COMPANY LAW TRIBUNAL , NEW DELHI BENCH</title>
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    <description>A mere agreement to sell immovable property does not, by itself, create any interest or charge in the property under Section 54 of the Transfer of Property Act, 1882. On the facts, the relief was sought only on the basis of an agreement to sell and not on any completed conveyance or other enforceable transfer. The fact that the property appeared in the corporate debtor&#039;s records or resolution plan did not authorise compulsion of registration in its favour. Any remedy, if available, lay in a suit for specific performance before the competent court, and the request to direct execution and registration of the sale deed was rejected.</description>
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      <description>A mere agreement to sell immovable property does not, by itself, create any interest or charge in the property under Section 54 of the Transfer of Property Act, 1882. On the facts, the relief was sought only on the basis of an agreement to sell and not on any completed conveyance or other enforceable transfer. The fact that the property appeared in the corporate debtor&#039;s records or resolution plan did not authorise compulsion of registration in its favour. Any remedy, if available, lay in a suit for specific performance before the competent court, and the request to direct execution and registration of the sale deed was rejected.</description>
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