Resignation During Pendency Of Inquiry Or Investigation Is Generally Not Accepted', Delhi High Court

The Supreme Court ruled that no registration or stamp duty is required for a compromise decree acquiring property with pre-existing rights. The case involved a dispute regarding the necessity of registration and stamp duty for a compromise decree that transferred property with pre-existing rights. The court ruled that no registration or stamp duty is required in such cases, as the decree does not transfer any new rights. The judgment reinforces the understanding that a compromise decree, which settles a dispute without transferring new rights, is not subject to the formalities of registration and stamp duty. This ruling simplifies legal procedures related to settlement decrees involving existing rights.