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Anand (Dir)     14 October 2011

SC judgement on GPA not treated as sale deed

SUPREME COURT ORDER THAT GPA CANNOT BE TREATED AS A REGISTERED SALE DEED....good move to tap in Registration feels...but comes as strong shock to the real estate companies....would appreciate your thoughts and comments on the same....



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 6 Replies

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     14 October 2011

Dear anand

the judgement regarding this you can read on attached file


Attached File : 106933 216246 56 transfer of property judgement.pdf downloaded: 1226 times
2 Like

Basavaraj (Asst, Manager-Legal)     14 October 2011

Dear Nadeem, wonderful, great with many many thanks

Kumar Doab (FIN)     14 October 2011

Dear Mr.Nadeem,

Thanks for posting the judgment in the forum.

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     14 October 2011

your welcome my friends

Mohammed Rizwan Shaikh (AM)     16 October 2011

Nadeem bhai, awesome post........thanks a lot.....although I am not an advocate but it is very helpful

NA (d)     19 October 2011

Dear Nadeem,

Pls share your inputs:

Situation:
Spouses: A and B own a property jointly. Now, A is selling A's share of the property to B for an amount. So it has to be a Sale Deed not a Transfer/Release Deed.

In the light of SC ruling on GPA and property registration:
1) Can A give GPA to a family member (not to B) and get the transaction completed?
2) Is it essential for A and B to do this transaction without bringing GPA in the picture?

 

Regards.


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