M.G.RAVALA MANIKYAM 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 Court ordered the defendant 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. The agreement between the parties was acknowledged, leading to the disposal of the appeal accordingly.