Important Legal Definitions
Explore legal terms, clear definitions and practical examples.
Rescission of Contracts (Section 27 Specific Relief Act)
Principles of Natural Justice & Equity
Definition
An equitable remedy that annuls and unwinds a contract from its inception, restoring the parties to their pre-contractual positions, available where the contract is voidable by the plaintiff or terminated due to fault.
Example
A purchaser discovers that the seller fraudulently concealed a permanent municipal acquisition notice affecting 80% of a commercial plot; the purchaser secures a decree for the rescission of the contract and recovery of the earnest money.