DELHI DEVELOPMENT AUTHORITY vs M/S. KARAMDEEP FINANCE AND INVESTMENT (I) PVT. LTD..

The Supreme Court addressed the appeals against the Delhi High Court's judgment regarding the sale and conversion of leasehold rights of a property under the Delhi Development Authority Act. The Court held that the DDA's demand for unearned increase was valid under the terms of the Perpetual Lease Deed, specifically clause (4)(a), which requires consent for transfer and payment of unearned increase. The Court upheld the High Court's decision, affirming the DDA's authority to impose such conditions and the legality of the demand raised against M/s. Karamdeep Finance & Investment (I) Pvt. Ltd.