Photo of Ruetveij Pandya

 

Partner in the General Corporate practice at the Mumbai office of Cyril Amarchand Mangaldas, Ruetveij specialises in mergers & acquisitions, private equity, transaction & business structuring, financings and has a rich experience in the international capital markets and stressed assets space.

 

He has closely worked with banking and management teams in a variety of situations and has contributed towards the formulation of several innovative structures, strategies and novel solutions. He can be reached at ruetveij.pandya@cyrilshroff.com

Contract Enforcement Laws

The Ease of Doing Business rankings released annually by the World Bank currently ranks India at 163 in Enforcing Contracts.[1] The importance placed by the Modi Government on these, and India’s overall dismal performance has forced the government to take several measures, especially in the field of enforcement of contracts.

The Indian Contract Act, 1872 (Contract Act) and the Specific Relief Act, 1963 (Act) are the two primary legislations governing the enforcement of contracts between parties. While the Contract Act lays down the general principles governing contracts and levy of damages for breach thereof, it also provides for an exception of awarding specific relief in the form of specific performance of contracts.
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