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FORCE MAJEURE DEFINITION
Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman saysIndia's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting it...- India looks to boost LNG tank capacity as Qatar supplies stallIndia imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run au...
- India should look for geographical diversification for gas, says former IOCL Executive DirectorIndia should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the...
- Word of the day: Force MajeureForce majeure is a legal term used in business contracts. It talks about sudden and uncontrollable events like war, floods, earthquakes, or...
- Pakistan shelves multi-billion dollar gas pipeline project with Iran under pressure from US: ReportPakistan has reportedly put on hold a multi-billion dollar gas pipeline project to import cheap energy from its neighbour, Iran, which may ...
- Supreme Court concludes West Bengal’s realty regulation WBHIRA unconstitutionalThis will pave the way for implementation of the central legislation in West Bengal, which is the only state where the central act RERA was...
- Homebuyers' body FPCE urges BJP to include RERA implementation in West Bengal poll manifestoFPCE representatives met the BJP’s Gajendra Singh Shekhawat, who is the party’s in-charge of five Lok Sabha constituencies comprising 35 as...
- Housing ministry supports homebuyers' stand to repeal West Bengal HIRAThe Ministry of Housing and Urban Affairs has supported the petition of a pan-India homebuyers’ body to repeal the West Bengal Housing Regu...
- How and when the force majeure clause can protect financial contractsThe force majeure clause includes the phrase ‘act of god’ to mean situations that are uncontrolled by human intervention and could not have...
- Handholding for small units to get on trackSmall units and real estate have been the focal points of the blockbuster stimulus fineprint unveiled by Finance Minister Nirmala Sitharama...
- View: Big companies should not wriggle out of contractual obligations by using the clause of force majeureTypically, these notices are served on smaller associates deemed least able to challenge them. It would be interesting to know what GoI has...
- Lockdown effect: Restaurants, cinemas & retailers at malls seek zero rentals till MayThe ₹4.2 lakh crore restaurant industry, which employs over seven million people, is staring at store closures, job losses, and significant...
- How coronavirus may cause legal wranglesUnlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
- Apex court admits home buyers’ plea to repeal Bengal’s realty Act“There’s no presidential assent to WB HIRA and therefore is unconstitutional in view of Article 254 (2) of the constitution of India,” said...
- Homebuyers’ body opposes developers’ plea to amend structural defect liabilityThe Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association, has objected to realty developers’ proposal to amend...
- CAC members seek panel notification to persuade West Bengal to adopt RERABoth RERA and West Bengal’s HIRA differ on the definition of force majeure clause and garage.
- Homebuyers' body FPCE seeks PM, President's intervention on RERA redundancyFPCE requests President not to give assent to West Bengal’s separate state-level legislation Housing & Industrial Regulation Act, 2017 (HIR...
- Can HIRA and RERA co-exist? Government to decideUnder RERA, force majeure clause can be invoked only in case of war, draught, floods, earthquake, fire or any other natural calamity affect...
- Government brings in new norms on solar power procurementThese guidelines, prepared by the Ministry of New and Renewable Energy (MNRE), cover the grid-connected solar PV power projects with a size...
- Bihar Central schools cancel X home centre exams for question leakChauhan said it was suspected that some coaching institute had leaked the questions for the exam which was scheduled to end tomorrow.
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