As part of Prime Minister Narendra Modi's 'ease-of-doing-business' initiative, the government today set up an expert committee to review an over 50-year-old law dealing with specific fulfilment of a contract.
The committee set up by the Legislative Department in the Law Ministry will review the Specific Relief Act, 1963, keeping in mind the present scenario involving contract-based infrastructure, public-private partnerships and other public projects involving huge investments and enforceability of the contracts.
The Specific Relief Act, 1963, provides for law relating to certain kind of specific relief. It is a remedy which aims at the exact fulfilment of an obligation or specific performance of the contract rather than a general relief or damages or compensation.
The Specific Relief Act has not been amended since its inception.
"The decision has been taken in view of tremendous developments that have taken place after 1963 and also in the context of present scenario involving contract based infrastructure development, public-private partnerships and other public projects involving huge investments and enforceability of the contracts.
"The review of the Act will also ensure ease of doing business," the ministry said in a statement.
The committee will have six members, including the chairman, and submit its report within three months.
