( 1 ) THESE two revisional applications arise out of as many pre-emption proceedings. Since both of them involve a common question as to whether an application for pre-emption filed on the basis of an inchoate right should be dismissed on the ground of non-maintainability notwithstanding the fact that such a right matured as an effective right pending the proceeding, we have heard them together. There is no dispute about the material facts and they may be set out shortly.

( 2 ) IN C. O. 2141 of 1981, the petitioners claiming themselves to be co-sharers, filed an application for preemption under Section 8 of the West Bengal Land Reforms Act, against the opposite party in respect of a sale in his favour of 48 acres of land appertaining to Plot No. 646 Khatian 682 of Mouza Badanganj, P. S. Goghat, District 24 Parganas. The sale deed was executed on June 14, 1974 and the same was presented for registration on June 15, 1974. The registration was made complete under Section 61 of the Registration Act on April 12, 1975, but in the meantime on August 26, 1974, the application for pre-emption was filed. Though the application came up for hearing long after the date of comp