Case Law Analysis
|Delhi High Court
Section 74 Contract Act | Price Reduction Schedule Clauses as Liquidated Damages Enforceable Without Proof of Actual Loss : Delhi HC
Delhi High Court rules that Price Reduction Schedule clauses in commercial contracts qualify as genuine pre-estimates of loss under Section 74 of the Contract Act, binding parties without requiring proof of actual damage. The judgment reinforces that Section 34 challenges cannot reopen factual findings where parties have explicitly agreed to liquidated damages terms.