C.K.THAKKER
RANVIR KOCHHAR – Appellant
Versus
MANI RAM – Respondent
2. The petitioner is the original defendant and the respondent is the original plaintiff. It is the case of the petitioner-defendant that on 27th June, 1982, the respondent-plaintiff agreed to sell a house situated at Dalhousie for a consideration of Rs. One lac. As per the agreement, the defendant had paid a sum of Rs.40,000/- to the plaintiff and the plaintiff put the defendant in possession of the house. It was agreed between the parties that the remaining amount of Rs.60,000/- would be paid by the defendant to the plaintiff on or before 25th July, 1983 and then the plaintiff was to execute sale deed in favour of the defendant. It was further agreed that if there was default on the part of the plaintiff in executing the sale deed as agreed, he would be liable to pay an amount of Rs.80,000/- to the defendant. Conversely, if there was default in making payment of remaining amount by the
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