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Corporate Law | SC: Security Advance Is Earnest Money, Liable to Forfeiture; Refund Requires Specific Prayer

7 Sept 2026 · 7 Sept 2026By CA Vijayakumar Shetty

Supreme Court held advance money was earnest money, upheld ₹20 lakh forfeiture and denied refund absent a specific Section 22 prayer. The post SC: Security Advance Is Earnest Money, Liable to Forfeiture; Refund Requires Specific Prayer appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

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