The Supreme Court recently in the case of, Smt. Katta Sujatha Reddy v. Siddamsetty Infra Projects Private Limited, [Civil Appeal No. 5822 of 2022], has held that the Specific Relief (Amendment) Act, 2018 (“2018 Amendment”) to the Specific Relief Act, 1963 (“Specific Relief Act”) is prospective and cannot apply to those transactions that took place prior to its coming into force.
By virtue of the 2018 Amendment, whether section 10 of the Specific Relief Act is prospective or retrospective in operation?
Findings/ observations of the Supreme Court:
This judgment has provided much needed clarity for disputes pertaining to transactions that took place prior to the 2018 Amendment, as such, the amended provisions shall not apply to their disputes.
Please find attached a copy of the judgment.
This update has been contributed by Ranjit Shetty (Partner) and Yuvraj Choksy (Principal Associate).
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