Be that as it may on and after the receipt of the refund of amount of Rs. 50,00,000/- being advance paid by the petitioner to the respondent, there was no legal recourse resorted to by the petitioner to establish his right under the agreement for sale. The attempt of the petitioner to set up a case that the respondent on his own volition deposited a sum of Rs. 50 lakhs into his Bank Account without the petitioner seeking for refund is a very hard story to believe, more particularly noting the subsequent conduct of the petitioner. Thus, it has to be concluded that the agreement for sale stood terminated for all purposes and the question of contending that the arbitration agreement still continuous to survive is untenable.
IN THE HIGH COURT OF MADRAS
O.P. No. 646 of 2013
Decided On: 18.09.2015
Appellants: B. Murugeswaran
Vs.
Respondent: Amir Jamal and Ors.
Vs.
Respondent: Amir Jamal and Ors.
Hon'ble Judges/Coram:T.S. Sivagnanam, J.
Citation:AIR 2016 (NOC)408 Mad

