The online e-commerce portal flipkart.com accepted the orders, and then cancelled them

after an extended period of waiting citing the reason as product not in stock. Despite the

website still flashing the product as available. The complainant continues: In this case,

they cancelled a order for the Canon 85mm f/1.8 lens because he placed it one day before the

infamous 30% price hike in Canon lenses. Flipkart promptly cancelled his order (because the

difference between the old and new price was Rs. 8,000) and told him the lens was out of

stock, while their website continued to advertise the lens as available, at the new price. It was

evident they did not want to honour his order, despite it being placed in timely fashion before

the price hike. What remedies are provided by IT Act and Indian Contract Act to the

complain. Also include relevence section of both acts.