Om Aggarwal vs Haryana Financial Corporation & Ors

The Supreme Court held that the Buy Back Agreement dated 16.07.1996 between the plaintiff and defendant No.1, established under the State Financial Corporation Act, 1951, is enforceable as per the provisions of the Haryana Public Moneys (Recovery of Dues) Act, 1979. The Court found that the plaintiff's failure to comply with the agreement justified the recovery of Rs.18.03 lacs as arrears of land revenue. The appeal was dismissed, affirming the lower court's decision that the agreement was valid and enforceable.