What purpose does a declaratory decree serve under the Specific Relief Act, 1963?
It grants immediate financial compensation to the aggrieved party.
It establishes the rights of parties without granting further relief.
It compels the parties to perform their contractual obligations.
It imposes punitive measures on the party in breach of contract.
Answer and explanation
Section 34 of the Specific Relief Act allows courts to issue declaratory decrees, which serve the purpose of establishing the rights of parties without enforcing any additional consequential relief.
