The Economic Times

Seller took earnest money but failed to convert leasehold property: Supreme Court orders Rs 3 crore refund to buyer

The Supreme Court ordered a seller to pay Rs 3 crore to a buyer after a 17-year property dispute. The seller failed to convert the leasehold property to freehold, while the buyer was found to have not proven readiness to pay the full amount. The court aimed to prevent unjust enrichment by the seller.