https://www.taxtmi.com/caselaws?id=303352 The memorandum of understanding was treated as a concluded and specifically enforceable development arrangement because it recorded the full bargain for demolition, redevelopment, tenant accommodation, flat allocation, parking and terrace rights, with the plaintiff to use available FSI and purchased TDR. The contemplated later formal development agreement did not make the arrangement incomplete, since the essential terms had already been settled and the document had been acted upon through purchase of TDR, accommodation arrangements and recognition as co-owner. It was not merely a construction contract and was not excluded from specific enforcement under the Specific Relief Act. Injunction protection against creation of third-party rights over the TDR was therefore justified. en-us Mon, 10 Nov 2008 00:00:00 +0530 Sat, 16 Jul 2022 11:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303352 The memorandum of understanding was treated as a concluded and specifically enforceable development arrangement because it recorded the full bargain for demolition, redevelopment, tenant accommodation, flat allocation, parking and terrace rights, with the plaintiff to use available FSI and purchased TDR. The contemplated later formal development agreement did not make the arrangement incomplete, since the essential terms had already been settled and the document had been acted upon through purchase of TDR, accommodation arrangements and recognition as co-owner. It was not merely a construction contract and was not excluded from specific enforcement under the Specific Relief Act. Injunction protection against creation of third-party rights over the TDR was therefore justified. Case-Laws Indian Laws Mon, 10 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303352