Union Of India & Ors vs M/S Shatabadi Trading & Investment ...

The Supreme Court addressed the validity of a sale agreement concerning property at 25, Friends Colony West, New Delhi, emphasizing the need for compliance with the provisions of the Urban Land (Ceiling and Regulation) Act, 1976. The Court held that the Appropriate Authority's order to surrender possession was valid, as the sale price was not reflective of the market value, thus justifying the issuance of a No Objection Certificate under Section 10 of the Act. The decision reaffirmed the principles established in C.B. Gautam vs. Union of India regarding the assessment of property value in excess land cases.