What Is Right of First Refusal? Complete Guide

WIJEYGOONEWARDENE v. DE SILVA

The first plaintiff in reply wrote letter D 6 annexing ?a plan of the access road I intend providing from Peradeniya road". At this time the land marked ?Bus Park? in plan X was land owned by the Council which the first plaintiff had no right to enter. ... The right of servitude having been abandoned, the only right left is the right of access to and from the bus stand. The plaintiffs could only have such a right if the bus stand was a public street or road ....

SRI. S RAJU vs STATE OF KARANATAKA - 2024 Supreme(Online)(Kar) 38659

of First Refusal. ... In the light of these unanimous submissions, the petitions stand disposed of by this order observing that the petitioners will be at liberty to participate in the auction without prejudice to their Right of First Refusal. ... of first refusal to them with liberty to offer 5% more than the highest bids received for their corresponding shops. ... WP No. 8106 of 2018 [D] It is needless to observe that if the petitioners fail to exercise the #HL_STA....

FERNANDO v. FERNANDO

Fernando, who, Counsel states, are first to fourth defendants. ... The first issue in the case was as to whether plaintiff and his predecessors in title had acquired a prescriptive right to this road, and the answer of the Commissioner is in the affirmative. ... The first to tenth defendants and the eleventh and twelfth defendants by their answer denied that the plaintiff exercised any right of way. It was further contended by the defendants that by virtue of the partition decree entered in D. .......

Bahadur Singh VS Budha - 1957 Supreme(Raj) 277

It simply confers upon the collaterals a right that their refusal should first be obtained. This means that in case no refusal is taken from the collaterals they would have the option to enforce their rights to purchase the property by pre-emption. ... Tewari that there were no special reasons for the learned Judge to go against the finding of fact of the first court that no refusal had first been taken from Budha Singh. ... It was argued that even if it be taken that....

The right of the purchaser to be offered first is a contractual right simpliciter (). Simply put, "a right of first refusal" is a privilege given to the purchaser to be first offered to purchase the property at a predetermined price should the vendor be desirous to sell it. ... Whether The Plaintiff Is Entitled To Right Of First Refusal Pursuant To Paragraph 6(b)? ... As such, the plaintiff alleged that they had b....

Underwater Services Company Limited VS Indian Oil Corporation Limited - 2021 Supreme(Del) 725

The tender goes on to provide the web link where the said S.D. Circular No. 2/2002 can be seen, and also culls out some of the relevant Clauses of the said circulars which, inter alia, set out the Right of First Refusal available to Indian vessel owner. The said Right of First Refusal is without any limitation whatsoever. The DGS Circular No. 2 of 2021 had already been issued on 14.01.2021. Pertinently, the tender in question was issued by the IOCL on 26.02.2021.

PROACTIVE IN & OUT ADVERTISING LTD VS U. P. STATE ROAD TRANSPORT CORPORATION, LKO. - 2018 Supreme(All) 1472

The first right of refusal will be with M/s Proactive IN & Out Advt. 2. UPSRTC will invite tenders for the display of Advt.after the completion of 1 year of the contract.

RAMAKRISHNAPPA VS K. M. ANJINAPPA - 2016 Supreme(Kar) 97

It is otherwise known as “the right of first refusal”. A right to purchase property before or in preference to another person is defined as “Pre-emption”. The law of pre-emption was introduced in India by Muhammadan Rulers. Muhammadan Law gives the name “Shufaa” for the right of pre-emption and defines it, as power of possessing the immovable property, which has been sold by paying the sum equal to that paid by the purchaser.

ABG Infralogistics Ltd. VS PSA India Pte. Ltd. - 2014 Supreme(Cal) 754

Clause 2.4 deals with the right of first refusal for expansion. The right of first refusal will lapse if the parties are unable to conclude a term sheet or memorandum of understanding within 3 months of the joint collaboration of the project first being formally broached in writing by one party to another, referring to this right of first refusal in this Agreement. The clause is inserted below : Right of first refusal for expansion : (a) If either of PSA or ABG, itself or through a related company, participates in further port projects sharing the same port trust jurisdicti....

Messer Holdings Limited VS Shyam Madanmohan Ruia - 2010 Supreme(Bom) 1233

With effect from the date this Agreement becomes effective, neither party shall sell any shares in the Company held or acquired by it without first offering the Shares to the other party. The clause 6.1 of the said SPA will have to be understood in the backdrop of the above understanding arrived at while executing the SPA between plaintiffs and defendant no.1. Clause 6.1 reads thus:- “6.1 Right of first refusal: The offer shall be in writing and shall set out in the price and other terms and conditions.