Therefore,despite the fact that allowing promissory estoppel to found a cause of action would seriously dilute the principle which requires consideration to support a contractual obligation, This new principle,which is a child of equity brought into the world with a view to promoting honesty and good faith and bringing law closer to justice should not be held in fetters but allowed to operate in all its activist magnitude, so that it may fulfill the purpose for which was conceived and born.
( From M/s Motilal Padampat Sugar Mills Vs State of Uttar Pradesh- 12 Dec 1978 )
( From M/s Motilal Padampat Sugar Mills Vs State of Uttar Pradesh- 12 Dec 1978 )
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