Legal Question in Real Estate Law in India

Explain.

A sham transation is not a benami transation . What does that mean? what is the difference between a sham transation & a benami transation w.r.t. immovable property?


Asked on 9/12/08, 8:33 am

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Explain.

You better narrate facts of your case to make you understand the difference in law.

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Answered on 9/12/08, 11:15 am
SARATHI VP VP VPS LAW FIRM

Re: Explain.

A benami transaction is where the property stands in a person's name who has not paid the price money and control over the property. He is a mere name-lender on behalf of the real owner.

A sham transaction is the one in which the property is undervalued and no transfer of title made for various ulterior motives.

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Answered on 9/13/08, 4:23 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Explain.

What is the query?

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Answered on 9/13/08, 5:14 am


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