https://www.taxtmi.com/caselaws?id=284011 SC held that development authority was justified in forfeiting earnest money when allotees defaulted after accepting land allotment and making partial payments before requesting surrender. HC erred in limiting forfeiture to 10% of deposited amount and directing refund based on non-delivery of possession. Allotment letter required 25% deposit including earnest money, with balance payable in lump-sum or instalments. No specific possession delivery period was stipulated, only reasonable time required. Since allotees accepted allotment, made partial payments, then defaulted by requesting surrender, full earnest money forfeiture was proper. HC judgment set aside; authority entitled to forfeit earnest money and refund balance amount. en-us Thu, 09 May 1996 00:00:00 +0530 Mon, 23 Jun 2025 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284011 SC held that development authority was justified in forfeiting earnest money when allotees defaulted after accepting land allotment and making partial payments before requesting surrender. HC erred in limiting forfeiture to 10% of deposited amount and directing refund based on non-delivery of possession. Allotment letter required 25% deposit including earnest money, with balance payable in lump-sum or instalments. No specific possession delivery period was stipulated, only reasonable time required. Since allotees accepted allotment, made partial payments, then defaulted by requesting surrender, full earnest money forfeiture was proper. HC judgment set aside; authority entitled to forfeit earnest money and refund balance amount. Case-Laws Indian Laws Thu, 09 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284011