Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
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