Case Law Analysis
|Madhya Pradesh High Court
Section 34 CPC | Risk Purchase Clause Enforceable Despite Payment Delays; Interest Capped at 12% : MP HC
Madhya Pradesh High Court upholds recovery decree under a risk purchase clause, ruling that payment delays do not invalidate contractual liability. The court modified the interest rate to 12% under Section 34 CPC, setting a precedent for commercial contract disputes involving market procurement costs.