https://www.taxtmi.com/caselaws?id=356942 The court decreed C.S.No.877 of 2005 as prayed for, without costs, due to non-compliance with Section 293(1)(a) of the Companies Act, rendering the Sale Agreement unenforceable. C.S.No.627 of 2008 was dismissed without costs, as the plaintiff lacked readiness for specific performance and failed to substantiate the claim for damages adequately. The plaintiff was entitled to withdraw the deposited amount of Rs. 2.50 Crores with accrued interest. en-us Thu, 08 Feb 2018 00:00:00 +0530 Thu, 15 Mar 2018 10:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356942 The court decreed C.S.No.877 of 2005 as prayed for, without costs, due to non-compliance with Section 293(1)(a) of the Companies Act, rendering the Sale Agreement unenforceable. C.S.No.627 of 2008 was dismissed without costs, as the plaintiff lacked readiness for specific performance and failed to substantiate the claim for damages adequately. The plaintiff was entitled to withdraw the deposited amount of Rs. 2.50 Crores with accrued interest. Case-Laws Companies Law Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356942