GULAB CHAND BHORA vs PUNJAB NATIONAL BANK

The Supreme Court addressed the dispute regarding the tenancy agreement between the appellants and Punjab National Bank, emphasizing that the absence of a formal written agreement post-30.06.1989 did not negate the mutual understanding reached on 12.11.1990 and the recommendations from 05.07.1993. The Court held that the bank's continued occupation of the premises without adhering to the agreed enhanced rent constituted a breach, thus affirming the Trial Court's decree for arrears of rent. The Court allowed the appeal, reinforcing the enforceability of oral agreements in tenancy matters under the Indian Contract Act.