https://www.taxtmi.com/manuals?id=5982 A stipulated contractual sum is enforceable as liquidated damages if it is a genuine pre estimate of anticipated loss and bears a reasonable relationship to the harm, particularly where damages are difficult to calculate; conversely, a sum that is out of proportion and operates as security for performance is a penalty and unenforceable on public policy grounds, with the burden of proving penalty resting on the party resisting enforcement. en-us Wed, 27 Nov 2024 16:00:00 +0530 Thu, 03 Jul 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5982 A stipulated contractual sum is enforceable as liquidated damages if it is a genuine pre estimate of anticipated loss and bears a reasonable relationship to the harm, particularly where damages are difficult to calculate; conversely, a sum that is out of proportion and operates as security for performance is a penalty and unenforceable on public policy grounds, with the burden of proving penalty resting on the party resisting enforcement. Manuals Indian Laws Wed, 27 Nov 2024 16:00:00 +0530 https://www.taxtmi.com/manuals?id=5982