LAW FOR ALL

Payment of Interest - agreement of sale - not carried out due to non- sanction of permission Under Tenancy & Land Reforms Act was not granted to full extent - suit for refund of amount on the doctrine of frustration - suit decreed with interest - appeal by defendants - negatived doctrine of performance - found that the plaintiff is at fault , awarded to go with sanctioned extent - Appeal filed but arguments are restricted only to the extent of payment of interest only - Apex court held that Therefore, award of interest in the judgment against the principal amount upto the date of the institution of the suit at 9% and 6% thereafter from the date of institution of case till the date of payment is legal and valid as the said amount has been utilized by the defendants in the liquor business but they have failed to prove not obtaining the sale deed in respect of the land agreed upon to be sold in favour of the plaintiffs to the extent of area for which permission was granted by the State Government.=GIAN CHAND & ORS. …APPELLANTS VERSUS M/S. YORK EXPORTS LTD. & ANR. … RESPONDENTS = 2014 ( April.Part) http://judis.nic.in/supremecourt/filename=41492