BANK ALFALAH LIMITED, LAHORE vs PUNJAB SMALL INDUSTRIES CORPORATION S — 2023 CLD 14 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2023 CLD 14 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2023
Reporter: CLD
Parties: BANK ALFALAH LIMITED, LAHORE vs PUNJAB SMALL INDUSTRIES CORPORATION S
Subject matter: Civil
Provisions referred to: S. 54---R; S. 54; Contract Act

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

BANK ALFALAH LIMITED, LAHORE VS PUNJAB SMALL INDUSTRIES CORPORATION S.54---Reciprocal promises---Performance---Principle---When a contract consists of reciprocal promises such that one of them cannot be performed and the promisor of last mentioned fails to perform it, such promisor, not only cannot claim specific performance but must pay compensation for the resulting loss under the provision of S. 54 of Contract Act, 1872.

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