Andhra Pradesh Industrial Infrastructure Corporation Ltd. & Ors. vs. S.N. Raj Kumar & Anr. – (SC)

Transfer of Property Act, 1882–Secs. 5, 8, 11 & 55–Contract Act, 1872–Sec. 23–Stipulation in allotment letter upto effect the project shall be implemented within the period of two years of taking the possession of land–However, no such stipulation was existed in the agreement/sale deed executed between the parties–Whether the appellant-Corporation could have been cancelled the allotment or have demanded 50% of prevailing market value as a condition for giving extension/another opportunity to the respondents to raise construction?–Held, no.