Article 142 of the Indian Constitution:
Article 142 of the Indian Constitution grants the Supreme Court of India the power to deliver justice in exceptional cases where existing provisions or laws are not applicable. It empowers the court to pass any decree or make any order necessary for doing complete justice in any case or matter pending before it, and such decree or order shall be enforceable throughout the territory of India.

Explanation of the statements:
1. It allows the Supreme Court to deliver justice in exceptional cases where existing provisions or laws are not applicable.
- This statement is correct. Article 142 gives the Supreme Court the power to deliver justice in cases where the existing provisions or laws are inadequate or do not provide a solution. It allows the court to pass orders and directions that are necessary to do complete justice in a particular case.

2. Any decree or order passed under Article 142 shall be enforceable throughout the territory of India.
- This statement is also correct. Article 142 explicitly states that any decree or order passed by the Supreme Court under this article shall be enforceable throughout the territory of India. This means that the orders and directions issued by the court under Article 142 have binding force and can be implemented across the entire country.

Significance of Article 142:
Article 142 is a significant provision in the Indian Constitution as it empowers the Supreme Court to fill the gaps in the existing legal framework and deliver justice in exceptional cases. It allows the court to exercise its discretionary power to provide relief to the aggrieved parties when no specific law or provision exists to address their grievances.

The purpose of Article 142 is to ensure that justice is not denied due to the absence of a specific law or provision. It gives the Supreme Court the flexibility to fashion remedies and pass orders that are necessary to meet the requirements of a particular case. This provision acts as a safety valve, allowing the court to innovate and provide relief in situations where the existing laws are inadequate.

It is important to note that while Article 142 grants discretionary powers to the Supreme Court, it also imposes certain limitations. The court must exercise its power judiciously, keeping in mind the principles of natural justice and the constitutional rights of the parties involved. The court cannot use this provision to infringe upon the rights of individuals or bypass established legal principles.

In conclusion, Article 142 of the Indian Constitution empowers the Supreme Court to deliver justice in exceptional cases and ensures that any decree or order passed under this article is enforceable throughout the territory of India. This provision plays a crucial role in filling the gaps in the legal framework and providing relief in situations where existing provisions or laws are not applicable.