Arush Khanna On July 23, 2018, the Parliament passed the Specific Relief (Amendment) Bill, 2018 (“Bill”). The Bill considerably strengthens the law on specific performance by making the provisions for relief more efficacious. The amendments are in line with the UNDROIT Principles of International Commercial Contracts and attempt to make India a business-savvy jurisdiction by improving its position on the enforceability of contracts. The key highlights of the Bill are discussed below: The ‘Rule’ rather than the ‘Exception’ Section 10 of the Bill substitutes the words “may, in the discussion of the court” with “shall be enforced by the court”. […]
The post <b>Specific Relief <i>(Amendment)</i> Bill, 2018:</b> Highlights & Takeaways
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