Transfer of Property Act, 1882, Section 54, 55, Specific Relief Act, 1963, Section 20 -- Mortgage of house suppressed when agreement of sale was executed-Purchase can redeem the mortgage from out of the balance sale consideration and pay the remaining amount at the time of registration of sale deed...........
Transfer of Property Act, 1882, Section 55(4) -- Interest on balance consideration due - Court is empowered to award interest in appropriate cases - In the instant case possession continued to be with the purchaser tenant - Purchaser tenant is liable to pay interest on the balance consideration due to the vendor when decree is granted in his favour...........
Transfer of Property Act, 1882, Section 55 -- Not applicable to State of Punjab - Principles incorporated in Transfer of Property Act are by and large applicable to State of Punjab - Land transferred by Collector under Nazool Lands Transfer Rules - Transferees paid the price fixed by State - Entitled to a sale- deed in their favour - Rules not applicable to property - A..........
Transfer of Property Act, 1882, Section 55(2) -- Implied warranty of title - Operates irrespective of the question whether buyer had or had not notice of infirmity of title of the seller...........
