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Corporate Law

Specific Performance Denied; SC Grants ₹3 Crore as Compensation

Case Law Details

Case Name
Subhash Aggarwal Vs Mahender Pal Chhabra & Anr. (Supreme Court of India)
Date of Judgement/Order
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Subhash Aggarwal Vs Mahender Pal Chhabra & Anr. (Supreme Court of India) Specific Performance Denied but Equities Balanced: Supreme Court Awards ₹3 Crore in Lieu of Enforcement of Contract The Supreme Court declined to grant specific performance of an agreement to sell, holding that the appellant failed to establish continuous readiness and willingness to perform his contractual obligations, particularly his financial capacity to pay the balance sale consideration on the stipulated date and his failure to appear before the Sub-Registrar. At the same time, the Court noted that the respond...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,493

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