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Viability Of Section 74  Of Indian Contract Act In Contemporary Commercial Context

Viability Of Section 74 Of Indian Contract Act In Contemporary Commercial Context

Section 74 of Indian Contract Act, 1872, principally lays down the law governing liquidated damages. Essentially it states that, parties at the time of contracting may stipulate an amount in the ...

9 Jun 2022 8:19 AM GMT
Every Transfer Or Sale Is Not Actual Sale: Clarifies Supreme Court

Every Transfer Or Sale Is Not 'Actual Sale': Clarifies Supreme Court

Recently, the Hon'ble Supreme Court in the case of PTC India Financial Services Limited (hereinafter referred as PIFSL) v. Venkateswarlu Karu & Ors. (Civil Appeal No.5443 of 2019 has held that C...

8 Jun 2022 8:37 AM GMT