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FORCE MAJEURE PROVISIONS
Housing ministry issues advisory to State RERAs to give project extension due to West Asia crisisThe Ministry of Housing has advised State RERAs to grant developers a four-month extension. This advisory addresses disruptions in global s...- Rented house damaged in a flood or earthquake? Do you still have to pay rent to your landlord? Here's what the law saysCan tenants stop paying rent after floods, earthquakes, or other natural disasters? Here's what the Transfer of Property Act, 1882, and the...
- Tenant or landlord: Who is responsible for repairs in a rented home? Here's what the law sayWho pays for repairs in a rented home? A leaking tap, damaged wall or broken fitting can quickly turn into a dispute between tenants and la...
- Force majeure enabled for 'war'-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadn’t defaulted by Feb 27The finance ministry has authorized force majeure for govt contracts impacted by the West Asia conflict, treating it as war. This offers re...
- MSMEs seek force majeure relief amid Gulf war disruptionsSmall businesses supplying the government are seeking relief from contract penalties. They want the Centre to invoke force majeure due to g...
- NHAI assures fuel, bitumen supply for developers amid Middle East tensionsHighway developers received assurances from NHAI regarding essential material supply. The ongoing Middle East conflict raises concerns abou...
- Gujarat Gas shares crash 7% after force majeure notice as US-Iran war enters day sixGujarat Gas share price: Gujarat Gas shares plunged 7% after it issued force majeure notices to industrial customers as the US-Iran war dis...
- Petronet LNG shares crash 8% after issuing force majeure notices amid Middle East hostilitiesPetronet LNG crashed 8% after it issued a force majeure notice to QatarEnergy due to supply disruptions from Middle East hostilities, preve...
- Force Majeure: How successful has the law been post Covid in IndiaLaw relating to force majeure is quite settled and one requirement of law that when the contract itself provides for the force majeure and ...
- What is force majeure? The legal term everyone should know during Covid-19 crisisThe term that has assumed relevance in contractual context today for businesses is “force majeure”.
- Lending only to HFCs and NBFCs we are most comfortable with: Federal Bank‘I do not have a blank cheque which anybody can come and take’
- MahaRERA invokes force majeure to provide relief till September 15Experts say developers should not use the provision to delay rent to buyers in redevelopment projects.
- Adani Gas invokes ‘force majeure’ amidst Covid-19 lockdownThe Gautam Adani-led utility firm that sells piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles hopes to m...
- Companies prefer pre-litigation mediation to force majeureCompanies in the manufacturing, services and real estate sectors, in particular, are looking at mediation to end disputes with suppliers, v...
- Courts unlikely to interfere on force majeure basis, says Abhishek SinghviAs a general rule, there is nothing better than mediatory and conciliatory settlement. Never has this been truer than during Covid-19 times...
- Real estate agents focus on reskillingWith no commercial or residential deals closing due to the lockdown, agents are keen to learn about the intricacies of social media marketi...
- Power companies explore legal options in payment clauseThe Central Electricity Regulatory Commission (CERC) in the Friday order decreased late payment surcharge (LPS) payable by discoms to gener...
- Discoms can't invoke force majeure: GencosLockdown no excuse as it doesn’t impact utilities, say power producers. The Central Electricity Regulatory Commission is expected to issue ...
- Government decides to factor in indexed imported coal prices into UMPPsThis will safeguard companies against unexpected changes in fuel costs that have adversely impacted the existing UMPPs based on imported co...
- Aptel lets Tata, Adani Power recover higher fuel costsTata Power and Adani Power stand to benefit as the Appellate Tribunal for Electricity (Aptel) has allowed their imported coal-based power p...
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