https://www.taxtmi.com/caselaws?id=464090 SC affirmed decrees of specific performance, holding that presentation of a bank draft for the balance consideration satisfied the vendor's covenant to receive payment and equated to cash-in-hand since the vendor could compel payment from the drawee bank. Petitioner's refusal to accept the draft constituted a breach, and the lower courts' findings that the draft was presented were upheld as not manifestly erroneous. Special leave petition was dismissed. en-us Mon, 19 Aug 1996 00:00:00 +0530 Sat, 04 Oct 2025 13:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464090 SC affirmed decrees of specific performance, holding that presentation of a bank draft for the balance consideration satisfied the vendor's covenant to receive payment and equated to cash-in-hand since the vendor could compel payment from the drawee bank. Petitioner's refusal to accept the draft constituted a breach, and the lower courts' findings that the draft was presented were upheld as not manifestly erroneous. Special leave petition was dismissed. Case-Laws Indian Laws Mon, 19 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464090