V. RAMASUBRAMANIAN, J.

The unsuccessful plaintiffs in a suit for specific performance have come up with the above regular appeal.

2. Heard Mr. O. Manohar Reddy, learned counsel for the appellants/plaintiffs and Mr. T.P. Acharya, learned counsel for the respondent/defendant.

3. The appellants filed a suit in O.S.No.17 of 2011 on the file of the Additional District Judge, Hindupur praying for a decree of specific performance of an agreement of sale dated 14.10.2009. The case of the appellants/plaintiffs was that the defendant agreed to sell and the plaintiff agreed to purchase the suit schedule property under the said agreement of sale for a total sale consideration of Rs.1,18,00,000/-; that a sum of Rs.10,00,000/- was paid towards part of the sale consideration; that time was not the essence of the agreement; that the defendant was obliged under the agreement to pay the arrears of municipal taxes and the electricity charges, to obtain Encumbrance Certificate and also to prepare lease agreements from the existing tenants in favour of the plaintiffs; that the plaintiffs have always been ready and willing to perform their part of the contract; that on 13.04.2010, the plaintiffs d