Sikha Sarkar vs Amitava Chowdhury & Ors on 18 July, 2024
In Ram Lal case [Lachhman Dass v. Ram Lal,
(1989) 3 SCC 99] , reliance was also placed
on Ratan Lal Sharma v. Purshottam Harit [Ratan
Lal Sharma v. Purshottam Harit, (1974) 1 SCC 671]
to hold that the arbitration award in the said case
20
did not just seek to assign a share of the
respondent to the appellant therein, but made an
exclusive allotment of the partnership assets
including the factory and liabilities to the appellant
therein. Therefore, the award in express words
purported to create rights in immovable property
worth a sum above Rs 100 in favour of the
appellant therein. It was accordingly held that it
would mandatorily require registration under
Section 17 of the Act.