https://www.taxtmi.com/caselaws?id=457936 An unregistered framework agreement concerning immovable property could not be used to vary, override, or extinguish rights created by a later registered lease deed and registered modification deed. Where registration is compulsory, such an instrument cannot affect immovable property or serve as substantive evidence of the transaction except for limited collateral purposes. The registered lease instruments therefore governed the parties' rights, including the termination terms, and the unregistered agreement could not be relied on to establish lease conditions or to exclude the land from the insolvency process. The requested exclusion of the subject property was accordingly rejected. en-us Thu, 04 Jan 2024 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457936 An unregistered framework agreement concerning immovable property could not be used to vary, override, or extinguish rights created by a later registered lease deed and registered modification deed. Where registration is compulsory, such an instrument cannot affect immovable property or serve as substantive evidence of the transaction except for limited collateral purposes. The registered lease instruments therefore governed the parties' rights, including the termination terms, and the unregistered agreement could not be relied on to establish lease conditions or to exclude the land from the insolvency process. The requested exclusion of the subject property was accordingly rejected. Case-Laws Companies Law Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457936