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A keyword "NOTWITHSTANDING" Is used in law so frequently What does it mean please explain in detail by taking an example


Punya Chakraborty

Punya Chakraborty

CA Inter

0

04-Apr-20 22:03

70

Answers (5)

The Indian contract act


Komal Pareek

Komal Pareek

CA Foundation

10

07-Apr-20 21:34

Komal Pareek

The Indian contract act

What do you mean?


Tanmay Kundu

Tanmay Kundu

CA Foundation

120

23-Apr-20 17:31

I don't understand


Tanmay Kundu

Tanmay Kundu

CA Foundation

120

23-Apr-20 17:32

Like for example not withstanding prov as to retraint of trade ! ...actually its void but here it supports it !


Manish S kotian

Manish S kotian

CA Inter

40

24-Apr-20 10:28

Notwithstanding means - irrespective of anything given any where else. For e.g Partners may, upon or in anticipation of the dissolution of the firm, make an agreement that some or all of them will not carry on a business similar to that of the firm within a specified period or within specified local limits; and notwithstanding anything contained in section 27 of the Indian Contract Act, 1872 (9 of 1872), such agreement shall be valid if the restrictions imposed are reasonable. Section 27 of Indian Contract Act is Every agreement by which anyone is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void. Generally S.27 makes any contract restraining trade as void. But because of partnership act provision containing notwithstanding, S.27 is overruled for purpose of IPA.


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Apr-20 09:39

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