Specific Performance Decree Becomes Unenforceable if Buyer Fails to Deposit Balance Amount on Time: Supreme Court

The Supreme Court of India has ruled that a decree passed for specific performance of a property sale agreement can become unenforceable if the buyer fails to deposit the remaining sale consideration within the time fixed by the court. The Court held that when a party does not comply with conditions mentioned in the decree and also fails to seek extension of time, the contract may automatically stand rescinded. The…