MANISH KUMAR SUREKA vs WEST BENGAL FINANCIAL CORPORATION .

The Supreme Court addressed the appeal regarding the rejection of the appellant's request for an extension to deposit a sum of Rs. 25 lakh as ordered by the High Court under the provisions governing financial transactions. The Court upheld the High Court's decision, emphasizing the necessity for timely compliance with financial obligations in property transactions. The ruling reinforces the principle that failure to meet stipulated conditions can lead to forfeiture of deposits and confirmation of sales in favor of other bidders.