INEQUALITY OF BARGAINING POWER IN GOVERNMENT AND PSU CONTRACTS: A CONTRACT LAW ANALYSIS UNDER THE INDIAN CONTRACT ACT, 1872
Abstract The classical doctrine of freedom of contract assumes that parties possess sufficient autonomy, information, and bargaining strength to negotiate mutually acceptable terms. This assumption becomes difficult to sustain in government and Public Sector Undertaking (PSU) contracts, where the State or a public undertaking may possess superior economic resources, institutional authority, market power, or control
