Interim Possession and Contractual Interpretation of Agreements for Sale Operating as Sale Deeds

Highlights of the Judgment:
- Examination of principles for appointing a Court Receiver and granting interim possession under Order XL Rule 1 of the Code of Civil Procedure, 1908.
- Interpretation of contractual termination clauses and the application of the doctrine of ejusdem generis in commercial agreements.
- Legal effect of tendering demand drafts before a stipulated deadline as constituting valid discharge of payment obligations.
- Assessment of whether an agreement for sale operating as a sale deed upon full payment bypasses the necessity of specific performance suits.
- Application of Section 55 of the Indian Contract Act, 1872, concerning timelines and voidability in commercial contracts.