Kar.Indust.Areas Dev.Board & Anr vs M/S Prakash Dal Mill & Ors

The Supreme Court addressed the appeals against the Karnataka High Court's decision regarding the allotment of industrial sites by the Karnataka Industrial Areas Development Board. The Court emphasized that the lease-cum-sale agreements required the Board to finalize the sale price and execute sale deeds in a timely manner, as stipulated in the agreements. The Court held that the Board's delay in executing the sale deeds and the subsequent demand for increased prices were unjustified, thereby upholding the respondents' rights under the agreements.