Supreme Court of India
Registrar of Assurances & Anr. v. Asl Vyapar Private Ltd. & Anr
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1 Supreme Court bench has cited this judgment.
From the headnote
Indian stamp Act,1899 – s.47A – Reference – Answered – Held: s.47A has no application to a public auction carried out through Court process/receiver as it is the most transparent manner of obtaining the correct market value of the property – The independent determination of value of property by a Registering officer would not apply to a Court sale but to a private transaction – Interference by the Registering Authority on the aspect of price of transaction is unjustified – Reference is required to be answered by opining that in case of a public auction monitored by the Court, the discretion…
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