Case Law Analysis
|Bombay High Court
Section 64 Contract Act | Developer’s FSI Purchase Price Must Be Restored Upon Termination of Redevelopment Agreement : Bombay HC
Bombay High Court rules that termination of a redevelopment agreement does not entitle the developer to retain the FSI purchase price, as Section 64 of the Contract Act mandates restitution to prevent unjust enrichment. The society is directed to refund Rs. 7.08 crore to the developer, reinforcing contractual fairness in property disputes.