Collateral Transaction

The Supreme Court has ruled that an unregistered and unstamped agreement to sell property can be used as evidence in a lawsuit for specific performance. A man was prevented by lower courts from submitting such a document in his case. The Supreme Court overturned these decisions, explaining that while the document can't prove a completed sale, it can be used to prove the existence of the contract itself or an oral agreement to sell. The Court allowed the document to be placed on record, clearing the way for it to be considered in the trial.