Tag: Specific Relief (Amendment) Act 2018
August 24, 2018
Corporate Law | Commercial Contract
Corporate Law | Commercial Contract
Section 14: Contracts Not Specifically Enforceable – Pa...
The Specific Relief (Amendment) Act, 2018 ("Amendment Act") has brought about significant amendments to the Specific Relief Act, 1963 ("Act"), the critical one being that specific performance is now (unless a case falls within the exceptions) the norm instead of a discretionary power with Indian Courts. Our present series of articles focus on the four exceptions to the specific performance rule. In Part 1 of the series we discussed substituted performance and in Part 2 we discuss the second exception that has been carved out....
August 17, 2018
Corporate Law | Commercial Contract
Corporate Law | Commercial Contract
Section 14: Contracts Not Specifically Enforceable – Pa...
The Specific Relief (Amendment) Act, 2018 ("Amendment Act"), which has brought significant amendments to the Specific Relief Act, 1963 ("Act") was notified on August 1, 2018 and has become effective therefrom. While the Amendment Act has introduced various changes, one of the most significant change introduced is that specific performance of contracts has been made a rule rather than an exception. In our next series of articles, we focus on the four exceptions laid down in the Amendment Act to the specific performance rule....