In Brief
In this appeal concerning a real estate transaction governed by the Indian Stamps Act, TERAI Tea Company sought specific performance and obtained a consent decree. The appellant paid full stamp duty and executed the deed of conveyance without objection from the respondent. Although a third party later challenged the decree, the respondent attempted to impound the agreement under Section 35 of the Stamps Act. The Supreme Court held that the respondent was estopped from raising a belated objection after accepting performance without protest. Since full duty had been paid, the respondent could not subsequently impound the document, and the Division Bench erred in overturning the Single Judge's order."
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