https://www.taxtmi.com/caselaws?id=96564 A statutory right to compensation available only to a lessee or his legal assigns depends on a valid assignment of an existing interest at the expiry of the lease. A later deed poll could not transfer an interest that no longer existed in the company, and a purported transfer of a non-existent legal interest was ineffective at law. Irregular distribution of assets on liquidation did not itself create legal assign status or cure the absence of proper assignment. On that basis, the respondent was not entitled to compensation, and the appointment of the arbitrator could not be sustained. en-us Mon, 04 May 1931 00:00:00 +0530 Mon, 09 Jan 2012 13:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96564 A statutory right to compensation available only to a lessee or his legal assigns depends on a valid assignment of an existing interest at the expiry of the lease. A later deed poll could not transfer an interest that no longer existed in the company, and a purported transfer of a non-existent legal interest was ineffective at law. Irregular distribution of assets on liquidation did not itself create legal assign status or cure the absence of proper assignment. On that basis, the respondent was not entitled to compensation, and the appointment of the arbitrator could not be sustained. Case-Laws Companies Law Mon, 04 May 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96564