thc Jrt:titioncr cntcrr_,ri inlo:in iteicerltcjI \.ttli tlicrn lirr lturchasr: of two plots in an extcnt ol 1043 siguarc yarcis and paid Ils.3,50,0O,000/ - :rDrl :rqr-r.crl to JJ;r\ f itc bal:rrict: sair: c<>nsideration in four ntoitths to .)iliilin thc rcgilitr.rcd salc cieeds, but hc lailed to l).t\ lhc lralancc c()] jsi.i(,r.atjon u,ithin thc time stipulation and as srrclt tl,ie Ilrst rt,sl:onclclrL is cntitled t<; dcducr, 3Oni, tf thc lot..ll s:rl. i.,trsirler;:ili(). i()\.lr-(ls c.ric.ll.ii'lr chargcs. Shc rvould :ilso as:st,i_i lhai in iil(. i)t,L,scnt transnction thcrc r.l,ere no dispuLcs ltclst,e,r.r Tltcin rirri itrq ihe agre(:mcltt pcriod and that therc \.;ls llo titlc dispLrtc irr rr.spcct ol.the plots rn question. It is onh' rlrit, lor. ,.hc ciciir,. rn Ira-rrrnenl of tltt, ba Iance sa.le consideratiori b.r, tl-rc pr,,Litionl:r. thr: regtstratior.l cr;uld not take place . Shc \ cir]cl also .tss(,r.i llr.it her personal propcrt). cannot bc zrttzrclrt,rl ;is [1tc lzs is lrr'tr.. t.r,rr t]rc ltctiiioncr and thc lirst responclent. rr hith is it r.ontl.r;inr incorporatccl under the provisions ol tltc Inclian Ootrp:rrtrts .\ct. As per thc provisions of the Act, thc I)irector ol lhi, company ls not personally liab.le for tht: <Jcccls clonc [r-r.thr. 1,o11111111.11 She is not a l)irector of the lirst n:sltonclcrrl cornp:ut\ on tlt js cla.l, zrnd ihc property sought ftrr attitr:ltrrrt,nl is c_rclusiir,lr l.rr.J()ngs to hcr:tn<l it is r-rotl-ritrg to clo rritlr rll(, iii.st rcsilrit(jr rji ,rn.l Lhat lhc pctitioncr failed to cr.',rr *'irlr rr'rc concritir.s .l ()rcrcr 3g I?rrl.
