Supreme Court of India
M/s Tomorrowland Limited v. Housing and Urban Development Corporation Limited and Another
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that Respondent No. 1 1016 [2025] 2 S.C.R. Supreme Court Reports is liable to refund the amount of Rs. 28,11,31,939 (First instalment of Rs. 27.04 Crores along with interest for three months amounting to Rs. 1,04,81,939/- and Rs. 2.5 Lakhs towards maintenance corpus) deposited by the Appellant pursuant to the Allotment Letter.
Judgment, page 18
From the headnote
Issue for Consideration Whether HUDCO was in breach of its reciprocal contractual obligations under the allotment letter dated 31.10.1994, and whether the appellant was entitled to refund of the forfeited amount in terms of cl.5(vi) of the allotment letter; further, whether Appellant entitled to discretionary relief of interest on refund of forfeited amount u/s.34 of the Code of Civil Procedure, 1908. Headnotes† Appellant, highest bidder, allotted land by R1/HUDCO for construction of hotel – Appellant paid first instalment in terms of allotment letter – Dispute arose as Appellant claimed
Authorities it was built on
Where later benches applied it
Of those, 1 mentioned
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