K.R. Suresh v. R. Poornima
Supreme Court of India2025 EduLaw (SC) 522Bench: Bench not expressly stated in source; verify against certified judgment
The Supreme Court upheld the forfeiture of earnest money deposited as part of an Advance Sale Agreement upon the purchaser's failure to pay the balance consideration, holding that forfeiture of earnest money is not penal in the ordinary sense so as to attract Section 74 of the Contract Act.