In the wake of the Corona crisis, we have seen several failed contracts which invariably have ended up in a Court of Law. Frustration of contract has become the subject matter of several cross-border litigations and will probably continue for some time till the global crisis eases out. Indian Courts by and large have asked parties to refund the money to the buyer in case of failed contracts.
To know more, you can read the Interview of Mrs. Sushila Ram Varma, Advocate and Chief Consultant of The Indian Lawyer & Allied Services published by an international organization, LexTalk in their Magazine ‘Cross Border Litigations & e-Discoveries’ 2021. The link to the Magazine is as follows: