Showing posts with label pre emption. Show all posts
Showing posts with label pre emption. Show all posts

Wednesday, 14 October 2020

Whether a party can exercise the right of pre-emption for an indefinite number of transactions?

 We suppose that the aforesaid answers the dilemma, i.e. whether the

right of pre-emption can be enforced for an indefinite number of

transactions or it is exercisable only the first time. We opine that it is only

exercisable for the first time when the cause of such a right arises, in a

situation where the plaintiff-pre-emptor chooses to waive such right after

the 1966 Act becoming operational. Section 9 of the said Act operates as a

bar on his exercising such right on a subsequent transaction relating to the

same immovable property. We also wonder what really remains of this right

of pre-emption after so many years in the facts of this case when the

purchaser has been enjoying it for more than four decades!

 Reportable

IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

CIVIL APPEAL NO. 1442 OF 2016

RAGHUNATH (D) BY LRS. Vs RADHA MOHAN (D) THR. LRS 

Author: SANJAY KISHAN KAUL, J.

Dated: OCTOBER 13, 2020.

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