Express stipulation in the contract that time is essence of contract - non performance within time also stipulated - Vendor had very right to cancel the contract and raise defence that time is essence of contract.

2011 (5) L.W. 30 (SC) AIR 2011 SC 3351 2011 AIR SCW 5209 (M/s. Citadel Fine Pharmaceuticals v. M/s. Ramaniyam Real Estates P. Ltd., and another):- 31. The settled law seems to be that in a case for specific performance of contract relating to immovable property time is not normally of the essence. However, this is not an absolute proposition and it has several exceptions