Supreme Court Upholds Cancellation of Land Allotment for Non-Payment by Trust in UPSIDC Case — Failure to Comply with Payment Terms and Rescheduled Installments Justifies Forfeiture of Earnest Money. The Court held that the appellant's persistent default in payment and failure to execute the lease deed justified the cancellation of allotment under the terms of the allotment letter.
1 Jan 2025The case involves an appeal by Kamla Nehru Memorial Trust (KNMT) against the cancellation of allotment of 125 acres of land by UPSIDC. KNMT, a charita...
