M.G.Ravala Manikyam & Ors vs M.Mada Naik

The Supreme Court affirmed the High Court's decree for specific performance but modified the damages payable from Rs.5,00,000/- to Rs.9,40,000/-, totaling Rs.10,00,000/-. The defendant was ordered to pay Rs.7,75,000/- within 15 days and the remaining Rs.2,25,000/- within three months, with interest at 18% per annum on any defaulted amount. This settlement was agreed upon by both parties during the proceedings.