The Delhi High Court (HC) has held that the doctrine of frustration under Section 56 of the Indian Contract Act is not applicable to Lease Agreements.
This ruling is based on SC precedents which held that Section 56 is applicable only to “executory contracts” and not to “executed contracts
Applying the principle that an executing Court cannot travel beyond the relief granted in a decree, the Supreme Court (SC) held that an Arbitration award fixing the price of the land cannot be executed like a decree for specific performance of sale Agreement
Observing that the lockdown was prima facie in the nature of a force majeure, the Delhi High Court (HC) passed an interim order restraining the invocation of bank guarantees
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