https://www.taxtmi.com/caselaws?id=313225 A contract for sale of property was held not specifically enforceable where obtaining court sanction for transfer of the reversioners' interest was an integral term of the bargain and that sanction was not obtained within a reasonable time. The court refused partial specific performance of the vendor's life interest under Section 12(3) of the Specific Relief Act, 1963, because the agreement was an indivisible arrangement for the whole interest and did not permit severance. Equitable adjustments for construction cost, rental income, refund of consideration, and related restitutionary matters were upheld as a proper exercise of discretion. The decree for specific performance was set aside and the equitable directions were maintained. en-us Tue, 13 Jul 2004 00:00:00 +0530 Mon, 01 Apr 2024 18:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313225 A contract for sale of property was held not specifically enforceable where obtaining court sanction for transfer of the reversioners' interest was an integral term of the bargain and that sanction was not obtained within a reasonable time. The court refused partial specific performance of the vendor's life interest under Section 12(3) of the Specific Relief Act, 1963, because the agreement was an indivisible arrangement for the whole interest and did not permit severance. Equitable adjustments for construction cost, rental income, refund of consideration, and related restitutionary matters were upheld as a proper exercise of discretion. The decree for specific performance was set aside and the equitable directions were maintained. Case-Laws Indian Laws Tue, 13 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313225