Gian Chand And Ors vs M/S York Exports Ltd. & Anr

The Supreme Court upheld the High Court's decision regarding the decree for payment of ₹39,20,000 with 6% interest per annum from the date of the suit, emphasizing that the plaintiffs failed to obtain necessary permissions under Section 118 of the Himachal Pradesh Tenancy & Land Reforms Act, leading to a breach of contract. The Court clarified that the contract was not frustrated as per Section 56 of the Contract Act, 1872, and the defendants were not at fault. The appeal was partially allowed, focusing on the issue of interest payment, while the principal amount was to be paid within six weeks.