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Banking Law 3rd Semester 2
Banking Law 3rd Semester 2
Banking Law 3rd Semester 2
Specific Relief
3 The contract involves the performance of a continuous duty which the court cannot supervise
6 When the person becomes incapable of performing or violates any essential term or acts in fraud, or
willfully acts at variance, or in subversion
7 When the person fails to prove that he has performed or has always been ready and willing to perform
the essential terms of the contract, other than the terms which has been prevented or waived by the
defendant.
Substituted performance
Section 20 Where the contract is broken due to the non performance of promise of any party the party
who suffers by such breach shall have the option of substituted performance through a third party or by
his own agency and recover the other expenses and other costs actually incurred.
The party who suffers such breach has given a notice in writing of not less than 30 days to the party in
breach calling upon him to perform the contract within such time as specified in the notice and on his
refusal or failure he may get the same performed by the third party.
The party who suffers such bridge shall not be entitled to recover the expenses and cost unless he has
got the contract performed through a third party
When the contract is performed by the third party the right of performance of specific relief cannot be
claimed.
It shall not prevent the party from claiming compensation from the party in breach.
Recession section 27
2 Where the contract is unlawful and the defendant is more to blame then the plaintiff.
2 The parties cannot be substantially restore to the position in which they stood when the contract was
made.
4 Where the contract is not severable from the rest of the contract.
Preventive relief
Injunction
What is injunction?
Injunction means a judicial order restraning a person from beginning or continuing any action.
Preventive relief is granted at the discretion of the court by injunction temporary or perpetual
until the further order of the court and they may be granted at any stage of the suit it is defined in order
39 of code of Civil Procedure 1908.
Perpetual injunction- Perpetual injunction can only be granted by the decree made at the hearing and
upon the merits of the suit The defendant is perpetually enjoined from the assertion offer right or from
the Commission of an act which would be contrary to the rights of the plaintiff.
2 When the defendant invades or threatens to invade the plaintiffs right or enjoyment of property the
court may grant but perpetual injunction in following cases
A. Where the defendant is trustee of the property of the plaintiff.
B. Where there exist no standard for a certain ING the actual damage caused by the invasion
C. where the invasion is such that compensation in money would not afford adequate relief
D. where the injunction is necessary to prevent a multiplicity of judicial proceedings.
Mandatory injunction
in this the court may in its discretion grant an injunction to prevent the breach complained of and also
to compel performance of the requisiteFacts.