https://www.taxtmi.com/caselaws?id=193540 An auction purchaser was entitled to refund where authorities refused to permit removal of the coal, since the obstruction destroyed the commercial basis of the transaction and the contract was treated as frustrated. The transaction was also held void for non-compliance with the statutory form required for government contracts, creating an independent ground for restitution of the price paid. Because the money had been withheld despite demand and the purchaser had been kept out of its use, interest was also payable at 6 per cent from the date of suit until realization, together with costs. en-us Tue, 24 Apr 1973 00:00:00 +0530 Fri, 04 Aug 2017 17:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193540 An auction purchaser was entitled to refund where authorities refused to permit removal of the coal, since the obstruction destroyed the commercial basis of the transaction and the contract was treated as frustrated. The transaction was also held void for non-compliance with the statutory form required for government contracts, creating an independent ground for restitution of the price paid. Because the money had been withheld despite demand and the purchaser had been kept out of its use, interest was also payable at 6 per cent from the date of suit until realization, together with costs. Case-Laws Indian Laws Tue, 24 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193540