#Contractual Conditions

The Bombay High Court (Nagpur Bench) clarified that a contingent contract under Section 32 of the Transfer of Property Act does not automatically become void if permission for transfer is denied due to the plaintiff's fault. The ruling underscores that contractual obligations persist unless the contingency is legally impossible, not merely due to one party's failure to comply.

The Karnataka High Court ruled that failure to execute a lease-cum-sale agreement within the stipulated time automatically triggers cancellation of land allotment under Regulation 10(d) of KIADB Regulations, rendering notice under Section 34-B of the KIAD Act unnecessary. This clarifies that regulatory timelines override procedural safeguards in land allotment, directly impacting developers, banks, and industrial investors relying on conditional allotments.