As per case facts, an agreement to sell an industrial plot was made between the plaintiff and defendant, with earnest money paid. The plaintiff sought declaration that the agreement was ... null and void and forfeiture of earnest money, alleging the defendant failed to pay the balance consideration by the due date. The defendant countered, alleging the plaintiff failed to obtain necessary clearances as a condition precedent and sought specific performance. A dispute arose over an alleged extension of the performance date based on a receipt, which was later found to be forged. The Trial Court dismissed both claims, ordering a refund of earnest money. The First Appellate Court allowed forfeiture to the plaintiff and dismissed the defendant's specific performance claim. The defendant appealed to the High Court. The question arose whether the defendant was entitled to specific performance and if the plaintiff could forfeit the earnest money given respective failures to fulfill obligations. Finally, the High Court found the defendant not entitled to specific performance due to lack of readiness and willingness and reliance on a forged document. However, since the plaintiff also failed to perform his obligations, he was not allowed to forfeit the earnest money, and its refund with interest to the defendant was directed.