R.V.Raveendran, J.

1. The third respondent is the owner of premises bearing Nos. 23-24, S.B.I. Senior Officers' Colony, Koramangala, III Block, Bangalore. The first petitioner is the tenant in respect of the first floor of the said premises having taken it on lease from the third respondent. For convenience the third respondent and first petitioner will (hereinafter be referred to as the "owner" and the "tenant"). The second petitioner is an employee of the first petitioner who is in occupation of the said first floor portion (hereinafter referred to as the "tenanted portion"). According to the tenant, the lease was originally for a period of four years from May 10, 1985, and by mutual consent, it has been extended up to May 10, 1994.

2. The owner entered into an agreement dated January 21, 1993, with one Mr. Krishna Kapila agreeing to sell the entire property for a consideration of Rs. 26,50,000 and received Rs. 6,50,000 as advance. The agreement provided that the owner shall the property free from all encumbrances, lines, attachments, charges of claims and shall deliver vacant possession of the entire property to the purchaser, at the time of registration of the sale deed