https://www.taxtmi.com/caselaws?id=767037 An agreement to lease does not create any right, title or interest in the land until a lease is executed and registered; where no lease deed was ever executed, the auction purchaser could not acquire ownership or independent leasehold rights and could take only the transferor's limited interest. A transferee in an as-is auction cannot obtain a better title than the transferor held. Sale proceeds in pending liquidation, being subject to competing creditor claims, could not be directed towards unearned income, though the affected party remained free to pursue remedies and seek regularisation in accordance with law. en-us Fri, 07 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767037 An agreement to lease does not create any right, title or interest in the land until a lease is executed and registered; where no lease deed was ever executed, the auction purchaser could not acquire ownership or independent leasehold rights and could take only the transferor's limited interest. A transferee in an as-is auction cannot obtain a better title than the transferor held. Sale proceeds in pending liquidation, being subject to competing creditor claims, could not be directed towards unearned income, though the affected party remained free to pursue remedies and seek regularisation in accordance with law. Case-Laws Indian Laws Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767037