The document discusses remedies for breach of contract under Indian law. It outlines that parties suffering loss from a breach are entitled to compensation for losses arising naturally from the breach. Compensation is not awarded for indirect or remote losses. Where contracts stipulate penalties for breach, parties can receive reasonable compensation not exceeding the penalty amount. A party rescinding a contract rightfully is entitled to compensation for damages suffered due to non-fulfillment of the contract.

1. Remedies for breach of contract Damages Sec. 73, 74, 75 of Indian Contract Act 1872 Friday, September 18, 2009 Dr. Tabrez Ahmad, KLS, KIIT