Transfer of Property Act, 1882 – Section 54 – Sale deed – Payment of price is an essential part of a sale covered by section 54 of the TP Act. If a sale deed in respect of an immovable property is executed without payment of price and if it does not provide for the payment of price at a future date, it is not a sale at all in the eyes of law. It is of no legal effect – Therefore, such a sale will be void – It will not effect the transfer of the immovable property.
SUPREME COURT OF INDIA DIVISION BENCH KEWAL KRISHAN — Appellant Vs. RAJESH KUMAR AND OTHERS ETC. — Respondent ( Before : Ajay Rastogi and Abhay S. Oka, JJ. ) Civil…

