Review and Analysis of Indemnity and Bailment

Abstract

The Indian Contract Act, 1872, despite its longevity, faces challenges in keeping pace with the evolving societal landscape and the dynamic nature of law, trade, and commercial ties. Recognizing these limitations, the 13th Law Commission of India embarked on a comprehensive review of the Act, culminating in insightful recommendations for its reform. The Commission's meticulous examination has resulted in detailed discussions and suggestions for amendments to each section of the Act, addressing areas where revision is deemed essential. The need for revision is particularly evident in instances where the Act's provisions have become outdated, exhibit excessive rigidity, or lack clarity.