This case concerns the sale of an oil mill located in Khurja Uttar Pradesh between Jaipur Traders Corporation Pvt Ltd plaintiff and Lalit Kumar Jain Another defendants The dispute arose ... due to non-payment of the balance sale price and issues related to the Income Tax Clearance Certificate ITC The plaintiff sought cancellation of the sale deed recovery of possession and compensation for damages The Trial Court dismissed the suit holding that time was not the essence of the contract and that the title had passed upon execution of the sale deed The High Court reversed this decision leading to the present appeal before the Supreme Court

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