Tag: Compensation in lieu of specific performance
February 23, 2022
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Equity must yield to Law: No Claim, No Compensation
In a recent judgment in the case titled Universal Petro Chemicals Ltd. Vs. BP PLC and Ors. , the Supreme Court, when considering an appeal relating to contractual disputes, refused to award Universal Petro Chemicals compensation in lieu of specific performance of a contract because the plaintiff did not claim for damages specifically in the plaint. ......