Sayayog Silk Mills Pvt. Ltd. & Anr. vs. Rajasthan State Industrial Development and Investment Corporation, Jaipur

Contract Act, 1872–Secs. 51 & 52– Forefieture of earnest money–Appreciation of–Reciprocal promise–Sale deed was to be executed after paying the outstanding amount and obtaining no due certificate–petitioner failed to comply the condition–Held, the amount of earnest money was rightly forfeited by RIICO.