seminal pronouncement.
15. The duty of the court not to enforce the penalty clause but only to
award reasonable compensation has been held
money or other
property already delivered. Duty not to enforce the
penalty clause but only to award reasonable
compensation is statutorily imposed upon courts ... clause providing for
forfeiture of earnest money was a penal clause. A
clause in the nature of penalty could not have been
enforced
money or other property already
delivered. Duty not to enforce the penalty clause but only to
award reasonable compensation is statutorily imposed upon
courts ... stipulation in a contract in
terrorem is a penalty and the Court refuses to enforce it,
awarding to aggrieved party only reasonable compensation.
The Indian
money or other
property already delivered. Duty not to enforce the penalty clause but
only to award reasonable compensation is statutorily imposed upon
courts ... stipulation in a contract in terrorem is a penalty and the
Court refuses to enforce it, awarding to aggrieved party only
reasonable compensation. The Indian
State Of Haryana & Ors vs M/S Malik Traders on 17 August, 2011
Equivalent
Bhuley Singh vs Khazan Singh & Ors on 9 November, 2011
Author: Valmiki J. Mehta
Essel Sports Pvt. Ltd.(Indian Cricket ... vs Board Of Control For Cricket In India &
Commissioner Of Income Tax vs Desiccant Rotors International Pvt. ... on 11 July, 2011
Author: A
Liquid Holdings Private Limited vs Sebi on 11 March, 2011
BEFORE THE SECURITIES APPELLATE TRIBUNAL
M/S vs The on 30 August, 2011
Author: S.J.Mukhopadhaya
Bench: S.J
