https://www.taxtmi.com/caselaws?id=219972 The court held that the Official Liquidator did not have the authority to sell the leasehold interest without the Corporation's consent, as the lease had been terminated. The Corporation was deemed entitled to repossess the land, with the sale confirmed only for movable assets and structures, not the lease. The judgment emphasized the need for lawful procedures and granted the Corporation three months to negotiate a new lease with the purchaser before taking steps to repossess the land. The appeal was disposed of without costs, affirming the Corporation's entitlement. en-us Tue, 04 Dec 2012 00:00:00 +0530 Fri, 04 Jan 2013 11:37:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219972 The court held that the Official Liquidator did not have the authority to sell the leasehold interest without the Corporation's consent, as the lease had been terminated. The Corporation was deemed entitled to repossess the land, with the sale confirmed only for movable assets and structures, not the lease. The judgment emphasized the need for lawful procedures and granted the Corporation three months to negotiate a new lease with the purchaser before taking steps to repossess the land. The appeal was disposed of without costs, affirming the Corporation's entitlement. Case-Laws Companies Law Tue, 04 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219972