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ANANT RAMANATH HEGDE
Mohammed Farughuddin – Appellant
Versus
Ramachandra Balu Shinde – Respondent


Advocates:
Counsel for the Parties:
For the Appellant:Sri Sourabh Sundar, Advocate for Sri KL Patil Appeared through VC
For the Respondent Nos. R1 (A, B & D):Sri SP Shankar, Sr. Counsel A/W Smt Mamata G Kulkarni, Advocate
For the Respondent No. R1(C):Sri Prashanth S Kadadevar Advocate

JUDGMENT

The Plaintiff filed a suit for the specific performance of a contract to enforce the agreement for sale dated 20.07.2006. In the alternative, Rs.11,51,000/- with interest @ 15% per annum is claimed towards refund of earnest amount and damages.

2. The plaintiff claims Rs.5 lakhs is paid as advance consideration amount, on 20.07.2006 by PW-1, the power of attorney holder of the plaintiff, and the balance Rs.6,51,000/- was to be paid at the time of registration of the sale deed. The agreement stipulated six months to complete the sale transaction.

3. The plaintiff pleaded that he was always ready and willing to perform his part of the contract and the defendant did not come forward to execute the sale deed.

4. The defendant resisted the suit. The defendant admitted execution of the agreement. However, took a plea that the time was the essence of the contract. The defendant further contends that the plaintiff did not pay the balance consideration amount within six months as stipulated. The defendant claimed that he orally revoked the agreement for sale dated 20.07.2006 as the transaction is not completed within six months.

5. The trial Court has concluded that the agreement fo

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