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India Electric Works Ltd vs James Mantosh & Anr on 15 September, 1970

"5. In our opinion, the agreement for sale does not create an interest in the property which is the subject-matter of the sale. Under Section 54 of the T. P. Act an agreement for sale of immoveable property is a contract that a sale of such property shall take place on terms settled between the parties. It does not create any interest in or charge on such property or in other words the contract for sale does not create either an interest in or a charge on the property. It at best is a contract for sale which is only an equitable right of a purchaser and it does not create any interest in the land which is the subject-matter of the contract In the case (India Elec. Works v. Mantosh) it has been held by the Division Bench of this Court that even after a decree for specific performance has been passed, the purchaser has no interest in the property. From Section 54 of the T. P. Act it is clear to us that the agreement for sale does not create of itself any interest in or charge on the property which was contracted to toe sold between the parties.
Supreme Court of India Cites 7 - Cited by 57 - A N Grover - Full Document

Southern Bank Ltd. vs Kesardeo Ganeriwalla And Ors. on 1 March, 1957

8. In our opinion, therefore, a party to the agreement for purchase has no right or interest in the immovable property left by the testator and as such, has no locus standi to oppose the application for grant of probate under Section 283 of the Indian Succession Act. The view we take, is supported by the decisions of the Division Bench of this Court (Southern Bank v. K. Ganeriwalla) in which it has been held that a creditor of the deceased testator has no locus standi to oppose the grant of a probate. The Division Bench of this Court in considering the principle of Privy Council's decision came to the finding that the creditor of an heir of the deceased is not entitled to citation and on that ground the probate cannot be revoked. At p. 455 (of Cal WN): (at p. 384 of AIR Cal) their Lordships held as follows:-
Calcutta High Court Cites 13 - Cited by 12 - Full Document
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