A.B. Govardhan vs P. Ragothaman

The Supreme Court addressed the enforceability of an agreement regarding the repayment of a loan secured by property, emphasizing the necessity of a registered Sale Deed as per the terms of the Agreement. The Court held that the absence of a Sale Deed, despite the respondent's promise to execute one, constituted a breach of contract under the Indian Contract Act, 1872. Consequently, the appeal was allowed, and the First Impugned Order of the High Court was set aside, reinstating the Single Judge's decision in favor of the appellant.