Author: Abhijeetyadav

Satyabrata Ghose v. Mugneeram Bangur & Co., (1953) 2 S.C.R. 377 Introduction and Facts of the Case The Defendant’s firm, Mugneeram Bangur & Co., is the principal respondent in this appeal and owner of huge tracts of land in Calcutta, near Dhakuria. The firm started a scheme, Lake Colony Scheme No. 1, for development of the land for residential purposes. For the same, it divided the land into various small plots and started to sell them. Under the scheme, the company entered into agreements with purchasers of different plots and accepted a small amount of consideration as an earnest deposit.…