It is settled law that the fixation of the period within which the contract has to be performed does not make the stipulation as to time the essence of the contract

1977 (2) SCC 539 AIR 1977 SC 1005 (Govind Prasad Chatuvedi vs. hari Dutt Shastri and another); It is settled law that the fixation of the period within which the contract has to be performed does not make the stipulation as to time the essence of the contract. When a contract relates to sale of immoveable property it will normally be presumed that the time is not the essence of the contract. (vide Gomathinayagam, Pillai & Ors. v. Palaniswami Nadar)(1).