C.S VENKATESH V. A.C.S MURTHY (D) BY LRS. ON 15TH JANUARY 2020: Held - It was held that there was no plea or proof regarding Plaintiffs readiness and willingness to perform his part of contract under Sec.16(c) of the Specific Performance Act, 1963. The sale deed was nominal and the amount specified was to secure the loan amount advanced by the defendant.

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The doctrine of lis pendens have been derived from the latin maxim 'Ut Pendent nihil innovetur' which means nothing should be changed at the time of litigation. Lis means litigation and pendens means pending. Therefore, lis pendens means pending litigation. The subject matter of the suit cannot be transferred to the third party during the pendency of the suit.

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The European Communities Act, 1972 contained the provisions of constructive notice which was now abrogated. The person who enters into a contract with the company has the right to know about the internal and external operations and also the individual or group of persons right in the company where it is contented in the public documents like Memorandum of Association, Articles of Association Etc.

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