Skyline Contractors Pvt.Ltd.& Anr vs State Of U.P.& Ors

The Supreme Court upheld the Allahabad High Court's decision to dismiss the appellants' writ petition challenging the cancellation of their plot allotment by NOIDA. The Court emphasized that the appellants failed to deposit the required premium amount within the stipulated time as per the terms of the allotment, specifically noting the forfeiture clause. The Court ruled that subsequent deposits made after a delay of two and a half years could not be considered valid, affirming the High Court's finding that NOIDA acted within its rights to cancel the allotment.