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        Companies Law

        Section 122 - Specific performance of contract to subscribe for debentures.

        Companies Act, 1956
        Chapter IV
        SHARE CAPITAL AND DEBENTURES

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        Specific performance available for contracts to subscribe for company debentures, enforceable by court decree as remedy. A contract with a company to take up and pay for any of the company's debentures may be enforced by a decree for specific performance, permitting a court to compel completion of the subscription and payment obligations rather than awarding only damages.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Specific performance available for contracts to subscribe for company debentures, enforceable by court decree as remedy.

                              A contract with a company to take up and pay for any of the company's debentures may be enforced by a decree for specific performance, permitting a court to compel completion of the subscription and payment obligations rather than awarding only damages.


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