Topic

Contractual Terms

4 articlesLatest 3 weeks ago
Consumer Fora Cannot Override Contractual Interest Rates or Auction Rights in Gold Loan Disputes: WB State Commission
Case Law Analysis

Consumer Fora Cannot Override Contractual Interest Rates or Auction Rights in Gold Loan Disputes: WB State Commission

The West Bengal State Consumer Disputes Redressal Commission ruled that consumer fora lack authority to alter contractual interest rates or auction rights in gold loan agreements, even in cases of default. The decision reinforces the binding nature of contractual terms between lenders and borrowers, limiting consumer fora's intervention to service deficiencies only.

Promissory Estoppel Fails for Price Escalation Claims | Contractual Clauses Bar Recovery Absent Binding Promise : Karnataka HC
Case Law Analysis
|Karnataka High Court

Promissory Estoppel Fails for Price Escalation Claims | Contractual Clauses Bar Recovery Absent Binding Promise : Karnataka HC

Karnataka HC dismisses a contractor’s price escalation claim, ruling that promissory estoppel does not apply without a clear, binding promise beyond the contract’s terms. The court upheld rescission due to breach and denied relief for unproven losses, reinforcing strict adherence to contractual clauses in public procurement disputes.