Authority: Supreme Court of India

Order Date: 08-10-2026

Case Overview

  • Parties: CCI Projects Private Limited (petitioner) vs Sriram Krishnan & Ors (respondents).
  • Origin: Petition for Special Leave to Appeal (C) No. 28492/2026, arising from the impugned final judgment and order dated 18‑06‑2026 in SA No. 472/2021 passed by the High Court of Judicature at Bombay.
  • Counsel: For petitioner – Senior counsel Mr. Neeraj Kishan Kaul, Sr. Adv. Mr. Abir Patel, Adv. Mr. Chiranjivi Sharma, AOR Mr. Toshiv Goyal, Adv. Mr. Varun Tyagi, Adv. Ms. Trisha Garimala, Adv. Mr. Anmol Aggarwal, Adv. Mr. Kartik Joshi, Adv. Ms. Nishtha Shukla; for respondents – Mr. Bhavin Gada, Adv. Mr. Chirag Desai, Adv. Mr. Prastut Mahesh Dalvi, AOR.
  • Issue: Petitioner expressed willingness to abide by the judgment of the First Appellate Court dated 10‑03‑2026 and to make the directed payment, but sought to keep open the contention that the interplay between Section 18 of the Real Estate (Regulation and Development) Act, 2016 and Section 55 of the Contract Act, 1872 may be considered in a future appropriate case.

Court Reasoning

  • The Court noted the petitioner's readiness to comply with the payment direction while preserving the right to raise the statutory interplay issue later.
  • It expressly left the matter open for the petitioner to raise the issue in a future case and clarified that the impugned judgment shall not be treated as a binding precedent.

Final Outcome

  • The Special Leave Petition is disposed of.
  • All pending applications, if any, are also disposed of.
  • The petitioner may raise the Section 18 REIDA‑2016 vs Section 55 Contract Act issue in a future proceeding; the current judgment does not bind future cases.

Topics: Real Estate Regulation, Court Proceedings