D.D.A. vs OFF.LIQUIDATOR, H.C. OF CALCUTTA

The Supreme Court directed the 2nd Respondent to pay Rs. 75,27,893/- to the Appellant within eight weeks as full and final payment for unearned increase, with no penalties or interest applicable. Upon payment, the Appellant is to grant permission for transfer and treat the sale by the Official Liquidator as valid. Failure to pay within the stipulated time will result in the cancellation of the sale. The judgment emphasizes the enforceability of agreements in lease transactions and the conditions under which they may be modified.