Question
In Hadley v. Baxendale, a landmark case referenced in
Indian Contract Law, the Supreme Court in SBI v. C. Natarajan (2024) held that damages for breach of contract under Section 73 of the Indian Contract Act:Solution
This 2024 landmark Supreme Court judgment held that Sections 73 and 74 of the Indian Contract Act (dealing with compensation for loss and penalty clauses) do NOT apply to forfeiture under Rule 9(5) of SARFAESI Rules. Special enactments like SARFAESI override general contract law by virtue of their non obstante clauses. This prevents mischievous borrowers from using contract law to defeat recovery proceedings.
Consider the following statements about Bonds:
1. Bonds are units of corporate debt issued by companies and securitized as tradable assets.
...The quorum for the meeting of the monetary policy committee (MPC) is ____ members.
According to the IMF World Economic Outlook, what is India's projected nominal GDP for 2025?
Which of the following financial institutions is involved in regulating the insurance sector in India?
Which of the following is the defining characteristic of a pure public good that leads to the classic free-rider problem and market failure?
Which of the following was the first country to impose the Goods and Services Tax (GST)?
India recently introduced "SARTHI", a new AI-driven system. What is its primary purpose?
Which organization in India is responsible for issuing government bonds?
__________ and Liberty Global, a London-based telecom firm, signed a €1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the...
Under which act did the Reserve Bank of India (RBI) introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?
