M/S.TODAY HOMES & INFRASTR. PVT.LTD. vs LUDHIANA IMPROVEMENT TRUST

The Supreme Court upheld the validity of the Punjab Town Improvement Act, 1922, in the context of a dispute between M/s Today Homes & Infrastructure Pvt. Ltd. and Ludhiana Improvement Trust regarding a Joint-Venture for the development of a City Centre. The Court emphasized that the Trust acted within its statutory powers under the 1922 Act and that the agreements made, including the Concession Agreement and Tripartite Agreement, were binding. The Court dismissed the appeals, affirming the High Court's decision and the enforceability of the agreements in question.