Transfer of Property Act, 1882 in caselaw Hansraj Gupta v. Official Liquidators of the Dehra Dun-Mussoorie Electric Tramway Co. Ltd. AIR 1933 PC 63… states that
In the Hansraj Gupta case, they also talked about another law called the Transfer of Property Act from 1882. This act deals with how ownership or rights to property can be transferred from one person to another.
In this case, it was about how the company promised to use its assets (like land, buildings, etc.) as security for a loan they took from Hansraj Gupta. This is like saying, “If we can’t pay back the money we borrowed, you can take these things we promised as security.”
The Transfer of Property Act made sure that this promise and agreement between the company and Hansraj Gupta were done properly and followed the law. It ensured that the agreement was fair and legal, which was an important aspect discussed in the case.