Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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S. 74 Contract Act | Forfeiture Of Earnest Money Permissible If It's Not Excessive Amounting To Penalty : Supreme Court
Other Legal Matters
The Supreme Court rejected a builder’s plea to forfeit earnest money from a flat booking cancellation under the Contract Act. The court ruled that forfeiting 20% of the sale price was excessive and unfair, ordering the builder to return the earnest money. This decision highlights the need for fairness in contractual agreements and consumer protection in real estate transactions.
