https://www.taxtmi.com/caselaws?id=199963 The Supreme Court allowed the appeal, restoring the judgment directing the refund of earnest money with interest. The Court held the forfeiture by the Delhi Development Authority (DDA) was unjustified as there was no breach of contract, emphasizing the DDA's extensions waived the time essence. The Court found the DDA's actions arbitrary, violating Article 14 of the Constitution, requiring fairness. Section 74 of the Indian Contract Act was deemed inapplicable due to no loss suffered by the DDA. The Court emphasized compensation for breach must be reasonable. en-us Fri, 09 Jan 2015 00:00:00 +0530 Thu, 27 Oct 2022 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199963 The Supreme Court allowed the appeal, restoring the judgment directing the refund of earnest money with interest. The Court held the forfeiture by the Delhi Development Authority (DDA) was unjustified as there was no breach of contract, emphasizing the DDA's extensions waived the time essence. The Court found the DDA's actions arbitrary, violating Article 14 of the Constitution, requiring fairness. Section 74 of the Indian Contract Act was deemed inapplicable due to no loss suffered by the DDA. The Court emphasized compensation for breach must be reasonable. Case-Laws Companies Law Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199963