Sir, in the recent judgement of SC on account of GPA transactions, I have two following doubts, kindly may be clarified.
(1). With the GPA - agreement of sale is made but sale deed is not made as property registration is not done.
(2).Withe GPA -property is registered and sales deed is made.
Now, does the SC judgement mean that the above two transactions are in risky or only the first transaction is in risky. If both the transactions are in risky, then what is the remedy available to both ie. who executed the agreement of sale with GPA and who executed the sale deed with the GPA.
1). With the GPA - agreement of sale is made but sale deed is not made as property registration is not done.
Property is not transferred in the name of vendee (purchaser) till "SALE DEED" is registered.
2).Withe GPA -property is registered and sales deed is made.
GPA do not confer title (ownership) of the property under sale.
Your facts as well as query is general but not specific, which prima facie make it as an academic question. However, if it is a true story it is better and advisable to consult a local prudent lawyer for appreciation of facts and professional guidance.
