The Ease of Doing Business rankings released annually by the
World Bank currently ranks India at 163 in Enforcing
Contracts.1 The importance placed by the Modi Government
on these, and India's overall dismal performance has forced the
government to take several measures, especially in the field of
enforcement of contracts.
The Indian Contract Act, 1872 (Contract Act)
and the Specific Relief Act, 1963 (Act) are the
two primary legislations governing the enforcement of contracts
between parties. While the Contract Act lays down the general
principles governing contracts and levy of damages for breach
thereof, it also provides for an exception of awarding specific
relief in the form of specific performance of contracts.