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    <title>2004 (8) TMI 732 - Supreme Court</title>
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    <description>In contracts for sale of immovable property, time is ordinarily not of the essence unless the terms and surrounding circumstances clearly show that intention; here, the agreement, the alleged extension of payment, and the vendors&#039; own conduct supported the view that punctual payment was not a strict condition, so delay did not justify termination. For specific performance, the purchaser must prove continuous readiness and willingness to perform; the purchaser&#039;s tender of payment within the extended timeline and prompt suit showed compliance, and the vendors failed to prove abandonment or disqualifying default. The decree for specific performance was therefore sustained.</description>
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    <pubDate>Wed, 25 Aug 2004 00:00:00 +0530</pubDate>
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      <title>2004 (8) TMI 732 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=198893</link>
      <description>In contracts for sale of immovable property, time is ordinarily not of the essence unless the terms and surrounding circumstances clearly show that intention; here, the agreement, the alleged extension of payment, and the vendors&#039; own conduct supported the view that punctual payment was not a strict condition, so delay did not justify termination. For specific performance, the purchaser must prove continuous readiness and willingness to perform; the purchaser&#039;s tender of payment within the extended timeline and prompt suit showed compliance, and the vendors failed to prove abandonment or disqualifying default. The decree for specific performance was therefore sustained.</description>
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      <pubDate>Wed, 25 Aug 2004 00:00:00 +0530</pubDate>
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