Lalit Kumar Jain & Anr vs Jaipur Traders Corporation Pvt. Ltd

The Supreme Court upheld the High Court's decision to cancel the sale deed dated 22.2.1971 under Section 31 of the Specific Relief Act, ruling that the deed was void due to the defendants' failure to pay the balance sale price. The Court emphasized that the plaintiff was entitled to physical possession of the property and compensation for the value of the property wrongfully demolished, amounting to Rs.95,000/-. The Court affirmed the High Court's decree, thereby reinforcing the legal principle that a sale deed can be deemed void if the conditions precedent are not fulfilled.