A suit for specific performance cannot be dismissed on the sole ground of delay or laches – Escalation of prices cannot be the sole ground to deny specific performance -However, an exception to this rule is where an immovable property is to be sold within a certain period, time being of the essence, and it is not found that owing to some default on the part of the plaintiff, the sale could not take place within the stipulated time.
SUPREME COURT OF INDIA DIVISION BENCH A.R. MADANA GOPAL ETC.ETC. — Appellant Vs. M/S RAMNATH PUBLICATIONS PVT. LIMITED AND ANOTHER — Respondent ( Before : L. Nageswara Rao and S.…

