High
Court that it was duty of the Court not to enforce penalty clause
but only to award a reasonable compensation, which had been
held
penalties and with PVC. So the penalties deduction in our bills may
be not justified.-- Rs. 2.20 Lacs
Claim No.3 Towards PVC Clause ... alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
Intent dated 09th December 2008 in the condition of
purchase under clause 16 stated as follows:
16.LIQUIDATED DAMAGES
Failure to supply the items ordered ... undelivered portion of
the material.
The other relevant clause which is important is Clause 3 which states as
follows:
"3. DELIVERY PERIOD
Progressive Delivery
been a pre-estimate and the clause
providing for forfeiture of bank guarantee was definitely by way of
penalty.
That being the case, the aggrieved ... alia held that it was duty of the
Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
been a pre-estimate and the clause providing for
forfeiture of bank guarantee was definitely by way of penalty.
That being the case, the aggrieved ... alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held
alia held that it was duty
of the Court not to enforce penalty clause but only to award a
reasonable compensation, which had been held