M/S Residents Welfare ... vs State Of U.P. & Ors

The Supreme Court addressed the legality of transfer of leasehold rights in the context of agreements executed by members of a Resident Welfare Association with cooperative housing societies. The Court emphasized that the lease deeds executed by Noida contained restrictions on transfer without prior consent, as mandated by the lease agreements. The Court upheld the validity of the agreements for transfer of leasehold rights, stating that the registration of such agreements with the Sub-Registrar under the UP Stamp Act was sufficient to confer rights, despite the restrictions imposed by the Noida authorities. The appeal was allowed, overturning the High Court's dismissal of the writ petition.