India Invokes Force Majeure To Shield Defence And Drone Contracts From War Disruptions
India has formally recognised the ongoing West Asia conflict as a ‘war-like’ event, enabling government agencies to invoke the force majeure clause in contracts affected by the crisis.This classification, announced by the Finance Ministry’s Department of Expenditure, allows procuring entities to extend delivery deadlines by two to four months without penalties, provided disruptions began on or
India has formally recognised the ongoing West Asia conflict as a ‘war-like’ event, enabling government agencies to invoke the force majeure clause in contracts affected by the crisis.This classification, announced by the Finance Ministry’s Department of Expenditure, allows procuring entities to extend delivery deadlines by two to four months without penalties, provided disruptions began on or
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