Supreme Court Will The Mandate Of The Tribunal Terminate Under Section 29A Unless Extended During Its Subsistence? Supreme Court To Examine The Supreme Court is set to examine an important.
The article discusses the need to show proof of loss incurred due to a breach of contract to claim damages under a penalty clause, along with an analysis of a case on this topic that came up before the Delhi High Court.
Citations 2023 LiveLaw (Del) 917 to 2023 LiveLaw (Del) 1039NOMINAL INDEXPCIT Versus Pepsico India Holding Pvt. Ltd. 2023 LiveLaw (Del) 917 ADITYA N PRASAD v. GOVERNMENT OF NCT OF DELHI & ORS. 2023.
Citations 2023 LiveLaw (Del) 917 to 2023 LiveLaw (Del) 933NOMINAL INDEX PCIT Versus Pepsico India Holding Pvt. Ltd. 2023 LiveLaw (Del) 917 ADITYA N PRASAD v. GOVERNMENT OF NCT OF DELHI & ORS. 2023.
The High Court of Delhi has held that an award of damages based on no evidence of loss cannot be sustained on the basis of a penalty clause in the agreement. The bench of Justices Vibhu Bakhru .