#Advance Payment

Bombay HC reinforces that arbitration clauses must be read contextually, not in isolation. The court upheld an award where the tribunal engaged with submissions on advance payments, rejecting the argument that delayed objections violate natural justice if counterclaims remain open for adjudication.

Madras High Court rules that a plaintiff seeking specific performance of a sale agreement must prove financial readiness to pay the balance consideration, not just assert willingness. The judgment clarifies that Section 16(c) of the Specific Relief Act requires tangible evidence of funds, setting a stricter standard for enforcement of contracts.