Sale deed executed without payment of price is void; It has no legal effect: Supreme Court

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Sale deed executed without payment of price is void;  It has no legal effect: Supreme Court

 The Supreme Court held that payment of price is an essential part of the sale.

  Justice Ajay Rastogi and Justice Abhay S.  Oka said that if a sale deed in respect of immovable property is executed without payment of price and if it does not provide for payment of price at a future date, it amounts to sale in the eyes of law.  Not there.

 Case name: Kewal Krishna vs. Rajesh Kumar

  Citation: LL 2021 Sc 670

  Quorum: Justice Ajay Rastogi and Justice Abhay S.  Oak

  Counsel: Senior Advocate Neeraj Kumar Jain for Appellant, Senior Advocate Surjeet Singh for Respondent