1. This second appeal has been filed against the judgment and decree, dated 21.8.2007, made in A.S.No.115 of 2004, on the file of the Principal District Court, Coimbatore, confirming the judgment and decree, dated 9.12.2003, made in O.S.No.568 of 1992, on the file of the Principal Subordinate Court, Coimbatore.

2. Defendants 1 to 3 in the suit, in O.S.No.568 of 1992, are the appellants in the present second appeal. The plaintiff in the suit is the first respondent herein. The plaintiff had filed the suit praying for a decree of specific performance of the agreement for sale, dated 4.11.1987, marked as Ex.A-1.

3. In the registered agreement, dated 4.11.1987, it had been agreed that the sale of the suit property is to take place within a period of one year from the date of the agreement. An advance amount of Rs.2,00,000/- had been paid, as part of the sale consideration, on the date of the agreement. Thereafter, by way of Ex.A-2, dated 22.10.1988, the period specified in the agreement, dated 4.11.1987, had been extended by three months and an amount of Rs.25,000/- had been taken from the plaintiff on the said date and an endorsement had been made on the back side of the ag