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MESSRS RAVIANS PAPER AND BOARD INDUSTRIES LIMITED versus MESSRS TAJ COMPANY LIMITED


RR 236 and 237 Contract Act (IX of 1872), Sections 73 and 74 The sale of the property belonging to the company in violation of the contract was made by a company judge and the court's motion for party-submitted Had approved. It is subject to the condition that if any conditions of sale have been violated or the subsequent installments have not been paid on the due date, it will be canceled and the party depositing Rs. 1 crore One crore will be deposited as payment but it has been defaulted in payment of further installments as agreed by the court and approved by the court, and eventually the company's payment of Rs 1 crore will be refunded. Who rejected the party's request. The party filed an intra-court appeal

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