Bombay High Court: Liquidated Damages Cannot Be Automatically Enforced—Award of ₹6,01,000 Reduced to ₹3,00,000 as Plaintiff Failed to Prove Actual Loss, Section 74 of the Indian Contract Act Applied to Limit Compensation
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Bombay High Court: Liquidated Damages Cannot Be Automatically Enforced—Award of ₹6,01,000 Reduced to ₹3,00,000 as Plaintiff Failed to Prove Actual Loss, Section 74 of the Indian Contract Act Applied to Limit Compensation

Court’s Decision The Bombay High Court partly allowed the appeal and reduced the compensation from ₹6,01,000 to ₹3,00,000. The Court ruled that awarding double the earnest money (₹6,00,000) was unjustified…
January 31, 2025