If a contract contains any stipulation for transfer of property in case of breach of such contract, which is in the nature of penalty, the contract cannot be enforced

Contract – If a contract contains any stipulation for transfer of property in case of breach of such contract, which is in the nature of penalty, the contract cannot be enforced 2014(5)ALT 608- CRP 1578 of 2009 and AS 2443 of 1999 date 27-12-2013 M. Ali baig Vs Kottalla Sanjeeva Reddy (Case on - Loan repayment agreement- in case of failure to get land registered on his name)