https://www.taxtmi.com/caselaws?id=169204 A valid export prohibition on silver under the statutory control regime was treated as applicable even to contracts concluded before the ban, and pre-ban commitments did not justify an exception. The Court also indicated that, on the special facts, a performing supplier could be relieved in equity from enforcement of an indemnity clause that would otherwise expose it to unfair consequential liability, where performance had been offered but export was prohibited and acceptance was impossible. The article further notes that this relief was confined to the facts, while the broader question of automatic absolution from indemnity obligations was left open. en-us Thu, 08 May 1980 00:00:00 +0530 Tue, 07 Apr 2015 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169204 A valid export prohibition on silver under the statutory control regime was treated as applicable even to contracts concluded before the ban, and pre-ban commitments did not justify an exception. The Court also indicated that, on the special facts, a performing supplier could be relieved in equity from enforcement of an indemnity clause that would otherwise expose it to unfair consequential liability, where performance had been offered but export was prohibited and acceptance was impossible. The article further notes that this relief was confined to the facts, while the broader question of automatic absolution from indemnity obligations was left open. Case-Laws Indian Laws Thu, 08 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169204