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When time is the essence of a contract in the agreement of sale, and there is a failure
of specific performance, the sale agreement is treated as cancelled and the earnest
money or advanced money is to be forfeited.
If agreement was executed but the buyer only paid the earnest money and was in
possession of property, if he fails to prove his readiness and willingness to make the
balance payment on the agreed date, held he is not entitled to Sec 53A of TOPA.
4. Uma Handa v. Sunil Gupta, 2021 SCC OnLine Del 3009, [para 24]
5. Jagannath Khandero Kedar & Anr v. Gopinath Bhimaji Kedar, 2022 SCC OnLine
Bom 1228 [Para 12 &16]
Agreement to sale does not create any interest or charge on immovable property and
the title remains with the vendor.