Hungerford Investment Trust Limited ... vs Haridas Mundhra & Others on 9 March, 1972
46. A similar view is echoed in Hungerford Investment Trust Ltd. v.
Haridas Mundhra and others AIR 1972 SC 1826 wherein it was held that
though no specific time was provided for payment of purchase money, it has
to be construed as reasonable time under Section 46 of the Contract Act. The
Court, however, held that what is reasonable is a question of fact. The
observation of the Supreme Court reads as under: