The Court held that when a contract is valid no doubt of it being cancelled arises and when it is void ab initio then also no option of cancelling it arises as it is not present in the eyes of law. When a contract has no existence, no action is enforced on it. N.P. Thirugnanam v.Dr. R.J. Mohan Rao- a plaintiff not "ready and willing" to perform his part of the contract would not be entitled to a specific performance decree. c. Shakuntala Devi v. Chamru Mehta- The Court held that Section 4 of the Specific Relief Act would only be available with regard to civil matters and not to criminal proceedings. Indian Oil Corporation Ltd. V. Amritsar Gas Services & Ors. -It was held that a contract which is in its nature determinable cannot be enforced by the Court.
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
Who among the following is not one of the eligible beneficiaries of PMUY?
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented ...
Which of the following statements about Prompt Corrective Action is/are True?
I- Prompt Corrective Action F...
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...