Subject: Economy Context: RBI given moratorium period expired on August 31 so people sought a complete waiver of interest for the moratorium period. Concept: The term ‘force majeure’ has been defined in Black’s Law Dictionary, as ‘an event or effect that can be neither anticipated nor controlled. From a contractual perspective, a force majeure clause […]

Subject: Economy Concept: The term ‘force majeure’ has been defined in Black’s Law Dictionary, as ‘an event or effect that can be neither anticipated nor controlled. From a contractual perspective, a force majeure clause provides temporary reprieve to a party from performing its obligations under a contract upon occurrence of a force majeure event. While […]