Case Law Analysis
|Supreme Court of India
Order XIII-A CPC | Summary Judgment Mandates Full Refund with Interest Upon Land Acquisition Lapse : SC
Supreme Court holds that a bidder is entitled to a full refund of the bid amount with 7.5% interest from the date of payment when land acquisition lapses, regardless of possession. The ruling underscores that title extinguishment by law triggers restitution obligations, setting a precedent for commercial disputes involving failed acquisitions.