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K.S. Vidyanadam And Ors vs Vairavan on 6 February, 1997

7. Moreover, the Hon'ble Supreme Court in K.S. Vidyanadam v. Vairavan2, has held that delay in seeking specific performance can be fatal, especially where the rights of third parties have intervened. Here, the sale deed in favour of defendant No.2 was completed before the filing of the suit, and defendant No.2 has subsequently taken possession of the property through ejectment proceedings. Granting specific performance to the plaintiff would, therefore, unjustly prejudice the rights of defendant No.2, who is in lawful possession. 2 (1997) 3 SCC 1
Supreme Court of India Cites 14 - Cited by 494 - B P Reddy - Full Document

Premji Ratansey Shah And Ors. vs Union Of India (Uoi) And Ors. on 22 July, 1994

11. The fact that defendant No.3, a consenting witness, signed the transaction further weakens the plaintiff's claim of collusion. As per the Hon'ble Supreme Court's ruling in Premji Ratansey Shah v. Union of India4, when a party who is privy to the transaction does not object to it, the Court must take it as a strong indication of the transaction's genuineness unless there is concrete evidence to the contrary. The plaintiff has not provided such evidence.
Supreme Court of India Cites 7 - Cited by 308 - Full Document

Central Bank Of India vs Ravindra And Ors on 18 October, 2001

NC: 2024:KHC:34118 RFA No. 2014 of 2005 C/W RFA.CROB No. 27 of 2009 there are compelling circumstances. The Hon'ble Supreme Court, in Central Bank of India v. Ravindra6, clarified that while Section 34 grants the Courts discretion, the exercise of this discretion must align with the facts and circumstances of each case, particularly where equity demands a departure from standard rates.
Supreme Court of India Cites 38 - Cited by 973 - Full Document

Alok Shanker Pandey vs Union Of India & Ors on 15 February, 2007

16. The plaintiff's investment, which dates back to 1997, must be viewed in light of the economic realities of the time. The value of Rs.1,30,000/- in 1997 was substantial, and its present-day equivalent has drastically depreciated due to inflation and other economic factors. The Hon'ble Supreme Court in Alok Shanker Pandey v. Union of India7, recognized that compensation must account for the loss in the value of money over time. While Section 34 generally limits the awarding of interest, it is also well-settled that the Court has the discretion to grant a higher rate of interest in cases where equity and justice demand it.
Supreme Court of India Cites 1 - Cited by 127 - M Katju - Full Document

Secretary Irrigation Department ... vs G.C. Roy on 12 December, 1991

NC: 2024:KHC:34118 RFA No. 2014 of 2005 C/W RFA.CROB No. 27 of 2009 Department, Govt. of Orissa v. G.C. Roy8, held that where one party has wrongfully delayed or breached its obligations, the Court can exercise its discretion to award interest at a higher rate to ensure that the aggrieved party is adequately compensated. In this case, defendant No.1's actions not only delayed the plaintiff's legitimate claim but also created significant financial hardship for the plaintiff, who has been deprived of the use of the money for over two decades.
Supreme Court of India Cites 39 - Cited by 639 - K N Singh - Full Document

Ghaziabad Development Authority vs Balbir Singh on 17 March, 2004

19. In this case, the plaintiff is likely to face a prolonged legal battle to recover the amount invested. Given the passage of time and the reduced value of the initial investment, the award of interest at 24% per annum, though higher than the usual statutory rate, serves the purpose of providing adequate compensation to the plaintiff. The Hon'ble Supreme Court in Ghaziabad Development Authority v. Balbir Singh10 emphasized the principle of restitution, holding that a party who has been wronged must be restored to the position they would have been in had the wrong not occurred. Here, the plaintiff's loss of both time and the value of money invested justifies the award of higher interest.
Supreme Court of India Cites 22 - Cited by 1208 - Full Document

Nathulal vs Phoolchand on 16 October, 1969

5. Upon careful scrutiny of the material on record, the plaintiff's entitlement to specific performance depends on several settled principles of law. In this case, while the plaintiff has successfully proved the execution of the agreement to sell dated 08.02.1997 and the payment of the advance amount, this alone does not warrant a decree for specific performance. The Supreme Court in Nathulal v. Phoolchand1 emphasized that specific performance is a discretionary relief, and the Court must balance the equities of the case before exercising its discretion in favour of the plaintiff.
Supreme Court of India Cites 7 - Cited by 154 - J C Shah - Full Document
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