‘X’ executed a sale deed in favour of ‘Y’ on 1-1-2002. Subsequently on 10-1-2002, ‘X’ executed a sale deed in respect of the same property in favour of ‘Z’. Thereafter the sale deed in favour of ‘Z’ executed on 10-1-2002 was registered on 20-1-2002. Whereas the sale deed in favour of ‘Y was registered on 30-1-2002.

In the said case, by virtue of section 47