https://www.taxtmi.com/caselaws?id=109615 An unregistered agreement to lease for a term exceeding one year does not create a transferable long-term leasehold estate under section 107 of the Transfer of Property Act, 1882; at most, it gives rise to a month-to-month tenancy. The document further states that leasehold rights in liquidation remain subject to the lease covenants, including restrictions on induction of third parties and other agreed terms. Where those covenants are breached and the lease reserves a right of forfeiture, the landlord may recover possession notwithstanding liquidation proceedings, and the Official Liquidator cannot retain or transfer possession contrary to the lease terms. en-us Thu, 03 Jul 2003 00:00:00 +0530 Wed, 11 Apr 2012 10:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109615 An unregistered agreement to lease for a term exceeding one year does not create a transferable long-term leasehold estate under section 107 of the Transfer of Property Act, 1882; at most, it gives rise to a month-to-month tenancy. The document further states that leasehold rights in liquidation remain subject to the lease covenants, including restrictions on induction of third parties and other agreed terms. Where those covenants are breached and the lease reserves a right of forfeiture, the landlord may recover possession notwithstanding liquidation proceedings, and the Official Liquidator cannot retain or transfer possession contrary to the lease terms. Case-Laws Companies Law Thu, 03 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109615