https://www.taxtmi.com/caselaws?id=100913 A company liquidator cannot lawfully create a caretaker arrangement over premises unless the possession is genuinely required for a beneficial winding-up under section 457 of the Companies Act, 1956; where the company has ceased business and the premises are not needed for winding-up, such an arrangement is impermissible and cannot be used to bypass restrictions on transfer, licence, or sub-lease under the Bombay Rent Act. An occupant who was regularised during winding-up proceedings and undertook to vacate on demand cannot later deny that licensee status or resist delivery of possession to the owners. The owners were therefore entitled to possession, subject to the limited protection fixed by the court. en-us Tue, 06 Dec 1983 00:00:00 +0530 Tue, 07 Feb 2012 17:33:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100913 A company liquidator cannot lawfully create a caretaker arrangement over premises unless the possession is genuinely required for a beneficial winding-up under section 457 of the Companies Act, 1956; where the company has ceased business and the premises are not needed for winding-up, such an arrangement is impermissible and cannot be used to bypass restrictions on transfer, licence, or sub-lease under the Bombay Rent Act. An occupant who was regularised during winding-up proceedings and undertook to vacate on demand cannot later deny that licensee status or resist delivery of possession to the owners. The owners were therefore entitled to possession, subject to the limited protection fixed by the court. Case-Laws Companies Law Tue, 06 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100913