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SUPREME COURT
, J
M/s. Citadel Fine Pharmaceuticals – Appellant
Versus
M/s Ramaniyam Real Estates Private Limited – Respondent
| Table of Content |
|---|
| 1. background of specific performance suit (Para 2 , 3 , 4 , 5 , 6) |
| 2. restrictions under tamil nadu urban land act (Para 7 , 8 , 9 , 10) |
| 3. defendant's arguments on contract validity (Para 16 , 18 , 19) |
| 4. court's observations on land classification (Para 22 , 24 , 25) |
| 5. essence of time in contractual performance (Para 27 , 29 , 31) |
| 6. consequences of failure to perform contract (Para 45 , 50 , 54 , 57) |
1. Leave is granted in both the special leave petitions.
2. These appeals have been preferred from the judgment and final order dated 2nd September, 2008 passed in OSA No. 332/2007 and CMP No. 1/2007 by the Division Bench of the Madras High Court.
3. The controversy arose out of a suit of specific performance. M/s. Citadel Fine Pharmaceuticals (defendant No.1), a partnership firm, owned 66 cents of agricultural land (hereinafter 'the suit property'), forming a part of total of 2.87 acres of agricultural land in survey nos. 363, 364, 366/1 of Velachery village, Mamblam, Guindy Taluk, Registration District of Madras, and entered into an agreement for sale of the suit property (hereinafter 'the agreement') for a consideration of Rs.1,00,00,000/- with M/s. Ramaniyam Real Est
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