Amaal Ventures Ltd & Anor v Eros Ltd [2026] EWHC 870 (Ch) (17 April 2026)

Amaal Ventures Ltd & Anor v Eros Ltd [2026] EWHC 870 (Ch) (17 April 2026)

The defendant provided a valid Certificate of Insurance before serving the Completion Notices, satisfying the contractual requirements. The contracts did not require the defendant to install the Furniture Package by the completion date, only to provide it. The evidence did not establish that the defendant failed to meet its obligations regarding the Furniture Package. The notices to complete were valid, and the defendant was entitled to terminate the contracts when the claimants failed to complete. The forfeiture provisions were not penalties, and there was no basis for relief against forfeiture or repayment of the deposits and stage payments.

Citation
[2026] EWHC 870 (Ch)
Parties
Claimant: Amaal Ventures Limited; Claimant: Shievon Ventures Limited; Defendant: Eros Limited
Jurisdiction
England and Wales
Judgment Date
17 April 2026
Procedural Posture
Property/contract Dispute / High Court Trial Judgment
Outcome
Claim dismissed
Legal Topics
Specific Performance, Forfeiture of Deposit, Validity of Completion Notices, Interpretation of Contractual Terms, Relief Against Forfeiture
Property Law Contract Law Specific Performance Forfeiture of Deposit Validity of Completion Notices Interpretation of Contractual Terms Relief Against Forfeiture

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Parties

Amaal Ventures Limited

Claimant

Shievon Ventures Limited

Claimant

Eros Limited

Defendant

Procedural Posture

Property/contract Dispute / High Court Trial Judgment

Legal Issues

  1. 1 Whether the defendant provided a valid Certificate of Insurance prior to serving Completion Notices
  2. 2 Whether the Completion Notices were valid
  3. 3 Defendant's obligations regarding the Furniture Package

Ratio Decidendi

The defendant provided a valid Certificate of Insurance before serving the Completion Notices, satisfying the contractual requirements. The contracts did not require the defendant to install the Furniture Package by the completion date, only to provide it. The evidence did not establish that the defendant failed to meet its obligations regarding the Furniture Package. The notices to complete were valid, and the defendant was entitled to terminate the contracts when the claimants failed to complete. The forfeiture provisions were not penalties, and there was no basis for relief against forfeiture or repayment of the deposits and stage payments.

Court Disposition

Claim dismissed

Orders

  • Claim for specific performance dismissed
  • Claim for repayment of deposits and stage payments dismissed