What is the remedy available

QUES 5

Thread Starter

Aman Mahajan

CA Final

★ 19K+

01-Sep-21 18:49

Contract is ultra vires the company, therefore void. Thus, Q can't enforce contract and company is right in its refusal. However, if laptops were supplied to company, and continues to be in their possession, court following the principle of justice and equity will order to return it back

Sahibdeep Singh

CA Inter

★ 14K+

02-Sep-21 10:38

Ok and QUES 6 remedy

Thread Starter

Aman Mahajan

CA Final

★ 19K+

04-Sep-21 10:32

No remedy as no loss has been incurred. As for circumstances, you can detailed answer here in ICAI May 20 RTP - https://resource.cdn.icai.org/57999bos47277p2.pdf pg 15/18

Sahibdeep Singh

CA Inter

★ 14K+

04-Sep-21 16:08