THIRIVEEDHI CHANNAIAH vs GUDIPUDI VENKATA SUBBA RAO(D)BY LRS.&ORS

The Supreme Court held that the High Court's reversal of the decree for specific performance of a contract under the Land Acquisition Act, 1894, was erroneous. The Court emphasized that the appellant's readiness and willingness to perform the contract was established, and the notification under Section 4(1) did not frustrate the contract as it was quashed by the High Court. The Court reinstated the decree for specific performance, directing the respondent to execute the sale deed upon receipt of the balance consideration.