1Ihar State Electricity Board & Ors vs M/S. Maa Mamta Cold Sotrage Pvt. Ltd

The Supreme Court dismissed the appeal filed by Bihar State Electricity Board, affirming the interpretation of Clause 8 and Clause 3A of the Sale Deed dated 14th May, 1990. The Court held that the original promoters are liable for personal liabilities, while the purchaser is responsible for statutory dues, thereby establishing the principle of indemnification in sale agreements. The dismissal indicates the Court's agreement with the lower court's findings regarding the contractual obligations outlined in the Sale Deed.