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Bombay High Court Allows MIDC to Resume Possession of Plots from Company in Liquidation for Non-Payment of Rent. Lease Termination Upheld Under Section 433(e) of Companies Act, 1956 — Permission Granted Under Section 446 for Resumption of Possession.

The Maharashtra Industrial Development Corporation (MIDC) filed an application seeking permission to resume legal and physical possession of Plots No....

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Supreme Court Dismisses Appeal in Petrol Pump Dealership Dispute Over Lease Validity. Lease deed contingent on future approval did not create a present lease as on application date under Section 105 of Transfer of Property Act, 1882, disqualifying applicant from marks under evaluation criteria.

The dispute arose from an advertisement published by Indian Oil Corporation Ltd. on 12.10.2011 inviting applications for petrol pump dealerships. The ...

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Supreme Court Dismisses Appeal in Petrol Pump Dealership Case Over Invalid Lease as of Application Date. Lease Deed with Future Commencement Clause Did Not Satisfy Evaluation Criteria Under Advertisement Requiring Registered Long Lease as on Date of Application, Leading to Loss of Marks and Position.

The dispute arose from an advertisement published by Indian Oil Corporation Ltd. on 12.10.2011 inviting applications for petrol pump dealerships. The ...

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Bombay High Court Allows Official Liquidator's Report in Winding Up of Transpower Engineering Ltd. — Holds Sale by Liquidator is Formal Transfer Not Subject to Differential Premium. Court exercises powers under Section 446(2) of Companies Act, 1956 to waive extension charges claimed by MIDC.

The Official Liquidator filed a report seeking directions regarding the sale of two industrial plots allotted by MIDC to Transpower Engineering Ltd. (...

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Bombay High Court Allows Writ Petition, Restores Eviction Decree in Sub-Lease Dispute for Breach of Covenant. Failure to pay municipal taxes and insurance premium constituted breach of condition under Section 111(g) of Transfer of Property Act, 1882, justifying forfeiture and eviction.

The petitioner, as lessor, had granted a sub-lease of land and buildings to the first respondent for 98 years. The sub-lease deed contained covenants ...