COMMNR.AVAS EVAM VIKAS PARISHAD vs LAXMI NATH MISHRA

The Supreme Court upheld the High Court's decision that the first respondent must pay the entire allotment price of Rs.15,50,740, less the Rs.5,00,000 already deposited, within eight weeks to retain the allotment. The Court clarified that the terms of the allotment letter allowed for payment in lump sum without interest or in instalments with interest, and the first respondent's failure to comply with the payment schedule justified the appellants' actions. The Court dismissed the appellants' challenge to the waiver of interest mandated by the High Court, affirming the contractual obligations outlined in the allotment letter.