Supreme Court’s ruling against property transfer through Power of Attorney and Agreement to Sell. Understand the legal implications and constraints.
Harminder Singh(D) Thr. Lrs. Vs Surjit Kaur(D) Thr. Lrs. (Supreme Court of India) Transfer of Property Act, 1882; Section 62 – Usufructuary Mortgage – Once a usufructuary mortgage is created, the mortgagor has a right to redeem the mortgage at any point of time on the principle that once a mortgage always a mortgage. FULL […]
Registered Mortgage: In simple terms registered mortgage is category of loan where the borrower willingly gives full right of the property to the bank in case of a loan default. Example: In such a scenario, you as a borrower have allowed the bank to dispose the property in whichever manner they desire if they default […]
PM Uday Scheme: The Pradhan Mantri UDAY Yojana is a central scheme to authorise the illegal colonies of national capital Delhi. More than 40 lakh people in Delhi live in unauthorised colonies, which are located on private or public land. Properties are called illegal colonies, whether in the form of plots of land or built-up […]
Key Takeaways: ♦ The Supreme Court observed that the payment of price is a fundamental part of a sale deal. If a sale deed in regards of an unflinching property is executed without the payment of price and in the event that it doesn’t accommodate the payment of price at some day in the future, […]
Kabja Property: 1. There is only transfer of interest in the property, and not transfer of title of the Property. 2. The transfer of interest is being carried by way of unregistered agreement/deed between the parties on Rs. 100/- non judicial stamp paper, and the same is being notarised with the public notary. 3. No […]
