https://www.taxtmi.com/caselaws?id=442312 An unregistered agreement to sell, coupled with possession for interior works, did not create ownership rights or a security interest, so the property remained part of the liquidation estate. The Tribunal held that exclusion from liquidation requires a legally recognised encumbrance or conveyance, and that compulsory registration is necessary for transfer of immovable property of the relevant value. The plea based on part performance could not override the absence of a registered sale deed in the insolvency context. The appellants were therefore not entitled to exclude the property from the liquidation estate or to compel registration of title in their favour, and the dismissal was upheld. en-us Mon, 28 Aug 2023 00:00:00 +0530 Tue, 29 Aug 2023 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442312 An unregistered agreement to sell, coupled with possession for interior works, did not create ownership rights or a security interest, so the property remained part of the liquidation estate. The Tribunal held that exclusion from liquidation requires a legally recognised encumbrance or conveyance, and that compulsory registration is necessary for transfer of immovable property of the relevant value. The plea based on part performance could not override the absence of a registered sale deed in the insolvency context. The appellants were therefore not entitled to exclude the property from the liquidation estate or to compel registration of title in their favour, and the dismissal was upheld. Case-Laws Insolvency and Bankruptcy Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442312