Force Majeure

An Act of God provision is essentially like a force majeure clause, for events such as floods, earthquakes, and other natural disasters that cannot be controlled or foreseen by humans. Generally, such a clause is invoked to wash off or limit liability.

Timeline extension of real estate projects under RERA: All you need to know

Considering that homebuyers do not benefit much from it, it is advisable for them to request developers for revision of their agreements and sale deeds

23 state RERA authorities extend registration of projects by 6-9 months

Measure taken to safeguard interests of homebuyers, ensure that projects do not get stalled due to disruptions caused by COVID-19 pandemic and flats get delivered albeit with some delay, he said in a series of tweets

Alas homebuyers, the Force (Majeure) is with builders now

Developers have the legal sanction to postpone project completion

Coronavirus | Rental agreements, contracts will continue to prevail, say legal experts

Real estate rental agreements and contracts are between two parties and the government cannot enforce any notification, experts say

Centre issues advisory to states on extending RERA deadline for projects

Acting on the central advisory, Rajasthan Real Estate Regulatory Authority extends deadline for projects by a year.

CEAI urges govt to declare COVID-19 as force majeure event for infrastructure consultancy contracts

'Force Majeure' clause is a contractual provision that addresses circumstances in which contractual performance becomes impossible or impractical due to events that could not be foreseen, and are not within party's control.

Coronavirus impact | To cut costs, corporates now opting for pre-litigation mediation over force majeure

Even though corporates can settle disputes in courts, it is likely to take a long time due to pending cases. This, in turn, would escalate costs at a time all companies are looking at cost-cutting measures.

COVID-19 impact: Can you piggyback on force majeure clause and avoid contractual obligations?

The law is a living organic thing and there are at least two reasons why those who have no money to honour their bills can remain optimistic.

Covid-19| Courts may be saddled with surge in force majeure disputes after lockdown

The backlog of cases and rise of new cases relating to force majeure may overwhelm the Indian Court system

IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

Sources said IOC has asked the four suppliers to defer some of the volumes they were to deliver in April.

COVID-19: May the force (majeure) be with you!

Considering the ingredients of a ‘force majeure’ event and the fact that COVID-19 has world-wide led to a situation which is far worse than SARS and Ebola, it should be conclusively categorised as a ‘force majeure event’

Azure Power commissions 30 MW plant in Durg, Chhattisgarh

Recently, Azure Power commissioned a 100 MW capacity plant in Rajasthan, largest solar power project under the National Solar Mission making Azure the single largest owner and operator of projects under the NSM with a cumulative operational capacity of 142 MW.

Oil mkts extend gains after biggest daily climb in six yrs

US crude futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude is on track for its first weekly gain in two weeks.

Microsoft files suit against InterDigital in patent suit

The complaint against InterDigital, filed in federal court in Wilmington, Delaware, deepens a long-standing fight over patent licensing between the two companies.

GMR Infra's Vemagiri power plant commences operations

"GMR Vemagiri Power Generation Limited (GVPGL) at Vemagiri successfully commenced its operation from August 12, 2015 under 'Scheme for Utilisation of Stranded Gas based power plants' as launched by Government of India (GoI) in the month of March, 2015," the firm said in a BSE filing.

Coal India to ink FSA; DPE advice sought

Coal India chairman and managing director Zohra Chatterji told CNBC-TV18 that the FSA document was being vetted and would be signed as soon as possible