06/08/2026
*Supreme Court: Specific Performance of Agreement Can Be Denied Due to Inordinate Delay*
In a significant judgment, the Supreme Court reiterated that specific performance of an agreement to sell is an equitable and discretionary remedy—not an automatic consequence of a valid contract. The Court held that a purchaser must establish continuous readiness and willingness to perform the contract from the date of the agreement until the final decree. Merely arranging funds at a later stage of the proceedings is insufficient to satisfy this requirement.
The Court further observed that an inordinate lapse of time between the ex*****on of the agreement and its final adjudication is a relevant factor while exercising discretion, particularly where enforcement would be inequitable or cause hardship to the seller. Finding that the purchasers failed to prove continuous financial readiness and had taken inconsistent positions during the litigation, the Court refused specific performance and instead directed refund of the advance amount with interest.
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