VOLTAS LTD. vs TESHILDAR .

The Supreme Court upheld the Bombay High Court's decision, affirming that Voltas Limited breached the conditions of the land allotment order issued under the Land Acquisition Act, 1894 and the Land Acquisition (Companies) Rules, 1963. The Court emphasized that the Company was prohibited from alienating the land without prior government permission, and thus the demand for recovery of unearned income was justified. The Court dismissed the appeals, reinforcing the legal principle that compliance with statutory conditions is mandatory for land allotment.