1998 (7) TMI 48

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....ioners hereinafter called Sashank are developers. By different agreements they entered into contracts with the owners of the land in question, the Boses. These were agreements for sale and development agreements. Pursuant to these Sashank have built upon the land. They now proposed to sell the nine flats and there are already on the scene some six purchasers who have paid the money. Th....

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....her the boses get it or not. The further case of Sashank is that the Boses would not need any clearance under section 230A for registration because the individual interest of the numerous Boses is each valued under Rs. 5,00,000. Although this is the case in the writ petition, the application made in the prescribed form for obtaining clearance under section 230A gives a different picture. The....

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.... property; also it does not necessarily follow that if the applicant's interest sought to be transferred were the sole subject-matter of a conveyance or assignment, it would have required registration under section 17. (iii) The value of the interest sought to be conveyed must exceed Rs. 5,00,000. (iv) There might be several applicants under section 230A in respect of the same prospective do....