1973 (2) TMI 134 - SC - Indian Laws

Summary

The Supreme Court held that the appellants were not entitled to forfeit the entire security deposit of Rs. 18,332 as the breach of contract caused no loss to them. The Court dismissed the appeal and upheld the arbitrator's decision awarding reasonable compensation of Rs. 7,332 to the appellants. The decision was based on the precedent set in Maula Bux v. Union of India.