U.O.I. vs M/S.SHATABDHI TRADING & INVEST.P.LTD&ORS

The Supreme Court addressed the validity of a sale agreement concerning property at Friends Colony, 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 significantly lower than the market value, thus justifying the issuance of a No Objection Certificate under Section 27 of the Act. The decision reaffirmed the principles established in C.B. Gautam vs. Union of India regarding the assessment of property value in relation to excess land under the ULCR Act.