R. KEMPRAJ vs M/S. BARTON SON & CO.

The Supreme Court held that the option to renew a lease every ten years does not violate the rule against perpetuity under Section 14 of the Transfer of Property Act, 1882. The Court clarified that Section 14 applies only to transfers of property and that the renewal option does not create an interest in property that would fall under this provision. The appeal was dismissed, affirming the lower courts' decrees for specific performance of the lease agreement.