SIDDHIVINAYAK REALTIES PVT. LTD. vs TULIP HOSPITALITY SERVICES LTD. .

The Supreme Court addressed the dispute arising from the Master Asset Purchase Agreement (MAPA) concerning the Centaur Hotel, emphasizing the implications of media reports on the transaction's legitimacy. The Court held that the appellants were entitled to invoke the escrow arrangement due to the cloud cast on the title of the property by the CBI inquiry, thereby affirming their rights under the agreement. The judgment clarified the legal standing of the parties involved in the context of disinvestment and contractual obligations under the MAPA.