Yes, Indian contract law should evolve to explicitly recognize economic duress as a ground for voidable contracts. This would protect parties from unfair pressure in commercial dealings and align Indian law with global standards, promoting fairness and justice in contractual relationships.
Yes, Indian contract law should evolve to recognize economic duress as a ground for voidable contracts. While the Indian Contract Act, 1872, doesn't explicitly mention it, the concept of economic duress has been gradually incorporated through interpretations of existing provisions, particularly Section 16 (undue influence).
Yes, Indian contract law should evolve to explicitly recognize economic duress as a ground for voidable contracts, as it protects parties from being unfairly coerced into agreements through illegitimate financial pressure. Although current law addresses economic duress under coercion, undue influence, and public policy, a clearer and more direct recognition would strengthen safeguards against unfair bargaining, especially in complex commercial contexts
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