https://www.taxtmi.com/caselaws?id=314223 Gujarat HC dismissed an appeal in a suit for declaration and specific performance, maintaining the status-quo order. The court found triable issues requiring proper adjudication, noting plaintiff's readiness and willingness evidenced by payment of Rs. 2.16 crores and readiness to pay balance Rs. 27.84 crores. Defendant's unilateral return of money required examination. The court held that during litigation when a case is made out, status-quo deserves protection regardless of transaction value or proceedings duration, to avoid multiplicity of proceedings and preserve subject matter. The trial court must examine whether continuous negotiations constituted a binding contract through evidence. en-us Fri, 30 Aug 2019 00:00:00 +0530 Sun, 26 May 2024 14:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314223 Gujarat HC dismissed an appeal in a suit for declaration and specific performance, maintaining the status-quo order. The court found triable issues requiring proper adjudication, noting plaintiff's readiness and willingness evidenced by payment of Rs. 2.16 crores and readiness to pay balance Rs. 27.84 crores. Defendant's unilateral return of money required examination. The court held that during litigation when a case is made out, status-quo deserves protection regardless of transaction value or proceedings duration, to avoid multiplicity of proceedings and preserve subject matter. The trial court must examine whether continuous negotiations constituted a binding contract through evidence. Case-Laws Indian Laws Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314223