A right to reconveyance of land is a property, and not a mere right to sue; and can be attached and sold.

JUDGMENT :- The appeal is by the plaintiff in a suit for specific performance, in which it is fairly clear that the trial court came to the correct conclusion in decreeing the suit as prayed for. The matter went up in appeal to the learned Subordinate Judge who allowed the appeal and reversed the decree, but whose grounds therefor are extremely difficult to follow. Briefly stated, the facts are these. This suit property originally belonged to one Venkataswami Naidu, who is not a party to this suit, who sold it for Rs.500 on 14-5-1951 to the defendant (respondent). On the same day the defendant executed a registered resale agreement Ex.A.1, agreeing to reconvey the property for the same price of Rs.500 within a period of six years therefrom to Venkataswami Naidu or his heirs. Venkataswami Naidu assigned this agreement to the plaintiff (appellant) on 25-1-1956 for a consideration of Rs.500. As the learned Subordinate Judge himself points out, upon the authority of Narasinggerji .Gyangerji v. Papuganti Parthasarthi, 1921 Mad WN 519

"a right to reconveyance of land is a property, and not a mere right to sue; and can be attached and sold."

Actually, we have the authority of the Judicial Committee itself in Sakalaguna Naidu v. Chinna Munusami Naiyakar, ILR 51 Mad 533 : (AIR 1928 PC 174) for the view that Such a document, executed on the date of sale itself by the purchaser undertaking to reconvey the property to the vendor after a period, constitutes a contract enforceable by any assignee of the vendor. The plaintiff, by virtue of the assignment in her favour, demanded a reconveyance from the defendant, and the defendant received a notice on 1-3-1956, but did not comply with the demand. As I stated earlier, the learned District Munsif decreed the suit, and it is the learned Subordinate Judge, in appeal, who has held that the agreement to reconvey could not be validly assigned to plaintiff, and that plaintiff could not enforce her rights.

2. The learned Subordinate Judge seems to proceed, as far as I can gather from his judgment, which is not particularly clear, that (1) the agreement could not be enforced by plaintiff because of the language used in the document of reconveyance restricting the right to Venkataswami Naidu and his heirs and (2) because there was a lease back of the property to Venkataswami Naidu by the vendee, and Vankataswami Naidu fell into arrears of rent, for which the defendant had to file a small cause suit later, and to obtain a decree. The argument here appears to be two fold. First of all, this is claimed to be a fraud perpetrated by Venkataswami Naidu, because he knew that he was due to pay these debts when he assigned the contract of reconveyance. The learned Judge observes "So the plaintiff who claims under a fraudulent document which is void, cannot get any assistance from a court." Secondly, the learned Subordinate Judge refers to S.7(1) of the Madras Act I of 1955, and considers that the transfer of the right of reconveyance falls within the mischief of this section.

3. It appears to me to be very clear that the first appellate court was totally erroneous in its conclusions in this matter. The only ground which seems to merit any serious consideration, in favour of the view taken, by the first appellate court, is the ground that the language of the agreement of resale itself restricts the right to Venkataswami Naidu and his heirs (varsugal). I have carefully considered the language, and the construction of the relevant Tamil clause. I am unable to find that any such interpretation is warranted; all that the clause seems to imply is that all rights under the document could be held by Venkataswami Naidu and his heirs (Varsugal). There is absolutely nothing to show that the rights were to be held exclusively by the vendor in whose favour the defendant executed this document, and were not assignable. Under the law, such a right could be definitely assigned, and it could even be argued that, under the v