Subject category:
Strategy and General Management
Published by:
IIMA Case Centre, Indian Institute of Management Ahmedabad
Length: 8 pages
Data source: Published sources
Share a link:
https://casecent.re/p/159987
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
Sale of real estate property requires registration of sale documents which prevents fraud of the same property being sold to multiple buyers. However, a means to avoid registration was devised and put to use in certain parts of North India. This involved creating a set of three documents - an unregistered sale deed, a Power of Attorney to the buyer from the seller and a will from the seller bequeathing the property to the buyer. The Delhi High Court considered this a 'recognised mode of transaction'. The Supreme Court, in the Suraj Lamp Case, brings out that unless a sale deed is registered, no interest can be created in a property.
Time period
The events covered by this case took place in 2012.Geographical setting
Region:
Asia
Country:
India
About
Abstract
Sale of real estate property requires registration of sale documents which prevents fraud of the same property being sold to multiple buyers. However, a means to avoid registration was devised and put to use in certain parts of North India. This involved creating a set of three documents - an unregistered sale deed, a Power of Attorney to the buyer from the seller and a will from the seller bequeathing the property to the buyer. The Delhi High Court considered this a 'recognised mode of transaction'. The Supreme Court, in the Suraj Lamp Case, brings out that unless a sale deed is registered, no interest can be created in a property.
Settings
Time period
The events covered by this case took place in 2012.Geographical setting
Region:
Asia
Country:
India