https://www.taxtmi.com/caselaws?id=101633 A tenancy interest is property capable of transmission and may vest in the State by escheat or bona vacantia on dissolution of the holder, unless a statute expressly excludes that result. The court treated a dissolved company's thika tenancy as not reverting to the landlords but vesting in the State. Once the tenancy vested in the State, the State became a necessary party to any effective suit concerning possession, and the landlords could not pursue recovery against an alleged trespasser while their immediate right to possession had not accrued. The suit was therefore not maintainable without impleading the State. en-us Wed, 09 Mar 1988 00:00:00 +0530 Fri, 10 Feb 2012 15:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101633 A tenancy interest is property capable of transmission and may vest in the State by escheat or bona vacantia on dissolution of the holder, unless a statute expressly excludes that result. The court treated a dissolved company's thika tenancy as not reverting to the landlords but vesting in the State. Once the tenancy vested in the State, the State became a necessary party to any effective suit concerning possession, and the landlords could not pursue recovery against an alleged trespasser while their immediate right to possession had not accrued. The suit was therefore not maintainable without impleading the State. Case-Laws Companies Law Wed, 09 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101633