What is the obligation of a person who has received advantage under void agreement ........

Indian Contract Act (ICA)1872 Performance of a Contract

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What is the obligation of a person who has received advantage under void agreement?

He can retain the advantage received with the prior approval of the person from whom he received it

He can retain the advantage received without any prior permission from anyone

He is bound to restore it or make compensation for it to the person from whom he received it

He is bound to restore it or make compensation for it only when a Court order is passed in this behalf

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Explanation:

Section 65 of the Contract Act –
65. Obligation of person who has received advantage under void agreement, or contract that becomes void. When an agreement is discovered to be void, or when a contract becomes void, any person who has received any advantage under such agreement or contract is bound to restore, it, or to make compensation for it, to the person from whom he received it.