Correct option is C
Information Booster:
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Vested Interest: A vested interest is an interest in property that is secured to a person as a present right or entitlement, even though the enjoyment of that interest might be delayed. Once a vested interest is created, it does not depend on any future events or conditions, and it becomes the property of the beneficiary immediately.
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Rajesh Kant Roy vs. Shanti Debi Case: In this case, the court dealt with the concept of vested interest in the context of property law. The court clarified that once a vested interest is created, it is not contingent upon any future event, and the person entitled to it has a definite right that can be enforced.
Additional Knowledge:
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Principles of Lis Pendens (Option a): Lis Pendens refers to the principle that during the pendency of litigation involving a property, the rights to that property cannot be altered or transferred to the disadvantage of the other party. This principle is typically associated with Section 52 of the Transfer of Property Act, 1882.
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Principles of Contingent Interest (Option b): A contingent interest is an interest that depends on the occurrence of a future event, which may or may not happen. Until the event occurs, the interest is not vested and remains uncertain.
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Principles of Part Performance (Option d): Part performance relates to the doctrine under Section 53A of the Transfer of Property Act, 1882, which allows a person who has partly performed a contract to protect their possession of the property, even if the formal requirements of the contract (such as registration) have not been completed.
