T Raghavendra vs State Of Karnataka on 4 February, 2013
7. I am in respectful agreement with the view taken by
learned single Judge in Smt. Guruvamma's case. Therefore while
recovering losses from the petitioners on account of termination
of contract the respondents are liable to give deduction to
forfeited Earnest Money Deposit. Respondents are entitled to
recover the balance of losses if any, from the petitioners after
giving deduction to the earnest money deposit.