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Party in default of assured return clause cannot invoke section 55 of contract act to resist termination for delayed possession: Delhi high court
Delhi High Court's Ruling: Defaulting Parties Cannot Use Section 55 to Delay Contract Termination. Case Name: Omaxe Ltd. v. Joginder Singh Nijjar and Anr. Citation: (2026) ibclaw.in 4669 HC Coram: Justice V. Kameswar Rao and Justice Manmeet Pritam Singh Arora The Delhi High Court has dismissed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, upholding an Arbitral Award that directed refund of the sale consideration paid for a commercial unit along w
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