Forfeiture Clauses in Agreements Must Be Reasonable — Supreme Court reaffirms
by Saloni Kapadia* and Karan Gandhi**
basic sale price
One-sided Developer-Buyer Agreement; SC refuses to interfere in NCDRC’s order to refund amount in excess of 10% of BSP
The Court reiterated that one-sided Agreements, as in the present case, would be covered by the definition of term “unfair trade practice”.