AMAL KUMAR GHOSH vs BASANTA KUMAR ALMAL

The Supreme Court addressed the enforceability of settlement terms under the Indian Income Tax Act, 1961 and the Urban Land (Ceiling Regulations) Act, 1976. It held that the appointment of a Receiver under Clause 6 of the settlement was valid, and the Receiver was authorized to execute the Deed of Conveyance upon the appellants' failure to obtain necessary certificates. The Court affirmed that the balance sale consideration deposited with the Receiver must be disbursed according to the settlement terms, ensuring compliance with statutory obligations.