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FORCE MAJEURE MEANS
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...- Bundled vs standalone travel insurance: Which works best for your trip? Comparing costs, coverage, and claimsSince both serve specific purposes and needs, pick the one that suits your travel itinerary and circumstances
- 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...
- West Asia crisis: Drone industry lauds govt's no-penalty relief for disrupted contractsThe Indian drone industry has received timely relief. The government has recognized the West Asia situation as a Force Majeure. This allows...
- Asian refineries, petrochemical firms cut runs as Iran war disrupts suppliesGlobal energy markets face disruption. Asian refineries and petrochemical firms are cutting operations. This follows a U.S.-Israeli conflic...
- What does force majeure mean? Why Bahrain’s Bapco declared it amid rising crude oil prices and can it disrupt the global oil supply?Bahrain's state oil company, now under Bapco Energies, has declared force majeure for its shipments after an Iranian attack set its refiner...
- 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...
- 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...
- 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...
- PCB approaches ICC for deliberations after deciding to boycott India match at T20 World CupPakistan Cricket Board is in talks with the ICC regarding their refusal to play India in the T20 World Cup, citing government instructions ...
- Can builders invoke force majeure clause to delay possession? Know what RERA saysReal estate developers can use "force majeure", or situations beyond their control, to justify inordinate delays in giving possession to ho...
- 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”.
- 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...
- 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.
- Auto parts companies face late paymentsCar makers Renault and Nissan, top two-wheeler seller Hero MotoCorp, and the homegrown Eicher group have decided to go for ‘force majeure’ ...
- Force majeure clause won't apply to coronavirus death claims in life insurance policiesThe Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reass...
- Railways considers lockdown as ‘force majeure’, eases ratesThe finance ministry has clarified that the Coronavirus can be classified as a natural calamity and the Force Majeure clause may be invoked...
- Foxconn moves Supreme Court over multi-way fight for trade union recognitionThe DMK-backed Labour Progressive Front (LPF) was once recognised by the management as the rightful representative of the employees.
- A force majeure clause is quite critical in commodity contractsThe event and the causal connection must be outside the control of the parties and should typically be seen as ‘unforeseeable’ and ‘impossi...
- RIL, ONGC to resume oil production at Panna-Mukta from WednesdayReliance Industries, British Gas and Oil and Natural Gas Corp may resume oil production from Panna-Mukta fields from Wednesday, but the gas...
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