Sections 10, 16 (c), 20, 21, 22, 23 – Specific performance of agreement – Alternative relief of refund -- Agreement of sale provided that in the event the permission was not obtained within 75 days, the purchaser shall be entitled to get back his advance money paid after 75 days but not later than 90 days under any circumstances – Defendant/ owner terminated the agreement on 12th April 1982 stating therein that permission from the ULC Authorities could not be obtained – Plaintiff/ Purchaser did not take any step till 19th February 1984 -- Only after the ULC permission was granted on 7th February 1984, the plaintiff had issued a legal notice to the defendant on 19th February 1984 – High Court denied the relief for specific performance to the plaintiff, it has directed the respondents-defendants to refund the advance amount of Rs.15,000/- along with accrued interest or a sum of Rs.3,00,000/- in all – Defendant had, in fact, received an amount of Rs.15,000/- as early as 1978, Supreme Court directed the respondents-defendants to pay an amount of Rs.15,00,000/- to the appellants-plaintiffs within a period of 3 months.
(SC) Decided on : 27.09.2022