The word pre-emption is a right of substitution conferred on someone either by statute, custom or contract. The right is to step into the shoes of the vendee preferentially, on the terms of sale already settled between the vendor and vendee. [Vijayalakshmi v. B. Himantharaja Chetty, (1996) 9 SCC 376] In the words of Mulla, “The right of… Read More »
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