https://www.taxtmi.com/caselaws?id=456641 A licence may be made irrevocable by contract, and a transferee of the property takes subject to that contractual restraint; the transferee cannot revoke the licence merely by reason of transfer. Clause 28 was construed to include both the security deposit and the contractual interest accruing on it, because the agreement required the deposit to bear and carry interest after default. The leave and licence document did not create a mortgage, charge or lien over the flat, as there was no express or implied intention to make the property security for repayment and the agreement consistently disclaimed any interest in the property. en-us Tue, 02 May 2006 00:00:00 +0530 Wed, 07 Aug 2024 10:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456641 A licence may be made irrevocable by contract, and a transferee of the property takes subject to that contractual restraint; the transferee cannot revoke the licence merely by reason of transfer. Clause 28 was construed to include both the security deposit and the contractual interest accruing on it, because the agreement required the deposit to bear and carry interest after default. The leave and licence document did not create a mortgage, charge or lien over the flat, as there was no express or implied intention to make the property security for repayment and the agreement consistently disclaimed any interest in the property. Case-Laws Indian Laws Tue, 02 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456641