https://www.taxtmi.com/caselaws?id=197664 A contractual right to reconveyance made exercisable only on strict compliance with stipulated conditions is not enforceable in equity when those conditions are not met. The sale deed, rent note, and reconveyance covenant formed one transaction, but the option had to be exercised within the specified time and while arrears remained below the agreed limit. Equity against forfeiture applies to penalties or security arrangements, not to a beneficial right conditional on exact performance; absent fraud, accident, or surprise, no relief is available. The right to reconveyance was therefore not specifically enforceable and equitable relief was refused. en-us Wed, 28 Feb 1962 00:00:00 +0530 Thu, 11 Jan 2018 17:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197664 A contractual right to reconveyance made exercisable only on strict compliance with stipulated conditions is not enforceable in equity when those conditions are not met. The sale deed, rent note, and reconveyance covenant formed one transaction, but the option had to be exercised within the specified time and while arrears remained below the agreed limit. Equity against forfeiture applies to penalties or security arrangements, not to a beneficial right conditional on exact performance; absent fraud, accident, or surprise, no relief is available. The right to reconveyance was therefore not specifically enforceable and equitable relief was refused. Case-Laws Indian Laws Wed, 28 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197664