Mahindra & Mahindra Financial Services ... vs State Of U.P. Thru. Prin. Secy. ... on 16 December, 2019
The transfer envisaged under Section 9(2) is not dependent on compliance of Section 50 of the Act, 1988 and Rule 55 of the Rules, 1989 nor is it invalidated or incomplete for this reason, meaning thereby, even if such transfer is not recorded in the registration records and Certificate of Registration, it is still valid and consequences will follow in law accordingly. Reference may be made in this regard to the decisions reported in AIR 1986 AP 62;Madineni Kondaiah and others etc. Vs. Yaseen Fatima and others, etc., AIR 1980 SC 871;Panna Lal Vs. Chand Mal and Ors., 1992 Cr.L.J. 2476;Virendrakumar J. Handa Vs. Dilawarkhan Alij Khan and Ors., 1985 Cr.L.J. 951 (Para 17);V. Parakashan Vs. K.P. Pankajakshan and Anr., (1979) 16 ACC 274; Kalpnath Singh Vs. Sheo Nath Rai, 1977 MhLJ 656; Kishan Panduranj Kagde Vs. Baldev Singh Gian Singh and Ors. and (1999) 3 SCC 754; G. Govindan Vs. New Assurance Co. Ltd. and ors. (Para 14 and 18) wherein the Full Bench of Andhra Pradesh High Court in the case of Madineni Kondaiah (supra) has been approved. All these decisions relate to the Old Act, 1939 and Section 31 thereof but the observations and principles expounded apply to the New Act of 1988 also, as the provision is similar to Section 51 thereof.