https://www.taxtmi.com/caselaws?id=168808 Forfeiture of earnest money was upheld where the purchaser defaulted under an agreement making time essential for execution of the sale deed. The purchaser had taken possession, attempted development, failed to obtain layout approval and then sought to avoid performance; the contractual forfeiture clause applied, and the sellers established resulting loss and prejudice. Prior court permission to deal with a minor's share was unnecessary on these facts because the minor attained majority during the proceedings and elected to abide by the contract. The purchaser, who was unwilling to perform and had not sought sanction, could not invoke the minor's interest to avoid the agreement. en-us Tue, 13 Dec 1994 00:00:00 +0530 Mon, 23 Jun 2025 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168808 Forfeiture of earnest money was upheld where the purchaser defaulted under an agreement making time essential for execution of the sale deed. The purchaser had taken possession, attempted development, failed to obtain layout approval and then sought to avoid performance; the contractual forfeiture clause applied, and the sellers established resulting loss and prejudice. Prior court permission to deal with a minor's share was unnecessary on these facts because the minor attained majority during the proceedings and elected to abide by the contract. The purchaser, who was unwilling to perform and had not sought sanction, could not invoke the minor's interest to avoid the agreement. Case-Laws Indian Laws Tue, 13 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168808