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BANK ALFALAH LIMITED, LAHORE through Muhammad Rafiq and Syed Aqeel Abbas vs PUNJAB SMALL INDUSTRIES CORPORATION S — 2023 PLD 61 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2023 PLD 61 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2023
Reporter
PLD
Parties
BANK ALFALAH LIMITED, LAHORE through Muhammad Rafiq and Syed Aqeel Abbas 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 through Muhammad Rafiq and Syed Aqeel Abbas 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.

Other judgments reported in 2023 PLD

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