Tag: Specific Performance
May 21, 2025
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Forfeiture of Advance Money: Supreme Court’s Rece...
In a recent decision, the Supreme Court of India revisited the issue of when and to what extent can advance money be forfeited in a failed property sale transaction. The issue arose when a suit for specific performance was filed by K.R. Suresh ("Plaintiff"), who, unable to complete a property purchase within the agreed timeframe. ......
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. ......