Search Results for "Liquidated Damages"

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Arbitration – Liquidated Damages – Scope of Judicial Review under the Arbitration Act, 1940 – Interpretation of Contractual Terms – Performance Guarantees – Section 74 of the Indian Contract Act, 1872 – High Court’s Power to Set Aside Arbitral Awards.

The Supreme Court dismissed the appeal, upholding the High Court’s finding that the claim of ₹68.15 lakhs was speculative and beyond the contract...

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Earnest Money Forfeiture – Contractual Obligations – One-Sided Agreements – Consumer Protection

Forfeiture Clause – Valid But Limited to 10% of BSP – Contractual forfeiture of 20% BSP was excessive – Courts can interfere with unfair and one...

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"Supreme Court Upholds Arbitration Award in OPG Power Case: Acknowledgment of Debt Extends Limitation Period, OPG and Gita Power Held Jointly Liable"

The case of OPG Power Generation Pvt. Ltd. vs. Enexio Power Cooling Solutions India Pvt. Ltd. & Anr. revolves around a commercial dispute concerni...

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Supreme Court Upholds Extension of Solar Power Project under Force Majeure Clause: Reinstates Original Tariff. Key Judgment on Force Majeure and Tariff Reductions in Solar Power Purchase Agreements.

The Supreme Court has upheld the Appellate Tribunal for Electricity's (APTEL) decision to grant a six-month extension under the force majeure clause o...

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Court Clarifies Eligibility Criteria Under Vivad Se Vishwas I-Relief for MSMEs Scheme. Bombay High Court determines MSME status crucial for relief under government scheme amid reclassification challenges.

Marine Electricals India Ltd., engaged in the manufacturing of meteorological instruments and other electronic automation equipment, filed a writ peti...