Laws on Specific Performance of Contract | Corporate Law Attorney in Delhi NCR | Corporate Lawyer in Delhi NCR | Corporate Attorney in India

Specific Performance of contract refers to the obligation to perform the contract as per the terms and conditions. In case, a party fails to perform his part of the contract, the aggrieved can approach the court and seek the remedy of specific performance. Under the current Indian Legal System, the courts are inclined towards granting relief of specific performance mainly in cases where compensation in the form of monetary damages would be an inadequate remedy for the aggrieved party.The law relating to specific performance has been comprehensively dealt with under the Specific Relief Act, 1963. However, due to the outdated provisions and with the objective of seeking greater certainty of contractual enforcement and to ensure a time bound adjudication of any dispute, the Parliament passed the Specific Relief (Amendment), Act, 2018 amending the principle law and the sections 10 to 25 of the amended Act deal with the specific performance of contracts.