Legal

Delhi Development Authority VS S.G.G. Towers (P) Ltd

Delhi Development Act (61 of 1957) , S.22— Auction of Nazul lands – Legality – Lease was never executed by Development Authority in favour of Company pursuant to lease agreement – No rights, title and interest were created in favour of company regarding suit plot – Company had executed agreement of sale in favour of respondent and plot was further sold in auction conducted in liquidation proceedings of respondent – Notice of proclamation itself mentioned that sale of plot was on “as it is basis”- Auction purchaser would not be entitled to either ownership or leasehold rights – Auction purchaser could not claim to be a lessee as the lease in terms of the lease agreement was never executed – Auction would not amount to sale of plot – If auction purchaser desired to get the transaction regularised, he can apply to the Development Authority.

Judgment Dt. 21.01.2010 (Del)-Affirmed(Paras8111214)

Source link

creativebharatgroup@gmail.com

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Legal

Cryptocurrencies huge risks to financial stability: RBI Governor, ET LegalWorld

Cryptocurrencies are huge risks to financial stability, and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting
Legal

District courts ‘foundation of our justice system’, says V-P Dhankhar, ET LegalWorld

The judiciary is the most important aspect of India and no court is “subordinate”, Vice-President Jagdeep Dhankhar said on Sunday.