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The issue of deficiencies in construction projects and ascribing liability with respect such deficiencies has troubled the infrastructure industry since time immemorial. Almost 4000 years ago, King...
The Delhi High Court division bench of Justice Rajiv Shakdher and Justice Amit Bansal held Liquidated damages, in law, are no different from unliquidated damages that an aggrieved party may claim....
The Calcutta High Court single bench of Justice Moushumi Bhattacharya held that for an unconditional stay of an arbitral award on pretext of fraud, there should prima facie case of fraud which...
The Delhi High Court single bench of Justice Prateek Jalan held that when parties agree that no interest shall be payable, the Arbitral Tribunal is bound by that agreement. The bench held that that...
Get latest articles and stories on Business at LatestLY. New Delhi [India], February 29: The Supreme Court on Tuesday reiterated that contracts entered into by minors are not enforceable under the law. Justices Hrishikesh Roy and Prashant Kumar Mishra's bench upheld the High Court's decision, which had declared null and void the sales agreements entered into by minors. They stated, "There is no dispute on the argument raised by the appellants in the case that at the time of the said agreements dated 03.09.2007, the appellant was a minor. Therefore, the contract with...