In the result, the first substantial question of law is
Bench: ALOK ARADHE,R. NATARAJ
92B(2), leasehold interest is an intangible property and therefore, Section 50C is not applicable to intangible rights associated with land or building or both and is applicable to transfer of land. It is further submitted that a right to specific performance is not a land but is merely a right to sue and under the agreement for sale