become due. This stipulation is not by way of penalty,
and the contract may be enforced according to its terms.
(g) A borrows ... money or other property already
delivered. Duty not to enforce the penalty clause but
only to award reasonable compensation is statutorily
imposed upon courts
Mr P Varadarajan & Ors vs Dr. A. Jawahar Palaniappan & Anr on 18 November
issue of
default when the first delay in payment took place, since Clause 12
of the Settlement provides that "No failure on the part ... similar default clause has been held to
be valid and enforceable and not to be in the nature of a penalty.
10. The Learned Counsel
proposed a payment towards
settlement of DVC liabilities as set out in clause No. 6.6 of
section 2 of part (B) (Financial Proposal) of this ... further claims whatsoever by DVC
and all rights to invoke or enforce the same shall be
waived.This will assist the RA in immediate start
proposed a payment towards settlement of DVC liabilities
as set out in clause No. 6.6 of section 2 of part (B)
(Financial Proposal) of this ... further claims whatsoever by
DVC and all rights to invoke or enforce the same shall be
waived. This will assist the RA in immediate start
which no
penalty is provided shall be guilty of an offence and
liable upon conviction to a fine not exceeding fifteen
thousand penalty units ... punishable under Section 91(1) of the Zambia Act, is corresponding to
clause (d) of Section 29 A of the 'I&B Code
Budhpur Buildcon Private Limited vs Mr. Abhay Narayan Manudhane on 9 September, 2022
NATIONAL COMPANY
Ca M Baskaran vs National Financial Reporting ... on 1 December, 2023
NATIONAL COMPANY LAW APPELLATE
Ca Ayna Tamton vs National Financial Reporting ... on 1 December, 2023
NATIONAL COMPANY LAW APPELLATE
Mr. Harish Kumar T.K vs National Financial Reporting ... on 1 December, 2023
NATIONAL COMPANY
