https://www.taxtmi.com/caselaws?id=222085 The court dismissed the application for condonation of delay and the appeal. It upheld the validity of the perpetual lease deeds and transfer of leasehold rights, allowing the official liquidator to sell the leasehold rights to pay creditors/contributories. The court found that the lease deeds permitted the transfer of rights without objection, rejecting arguments based on rent control legislation. Allegations of lease violations and non-payment of rent were not addressed as separate proceedings were required. en-us Fri, 05 Apr 2013 00:00:00 +0530 Sun, 14 Apr 2013 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222085 The court dismissed the application for condonation of delay and the appeal. It upheld the validity of the perpetual lease deeds and transfer of leasehold rights, allowing the official liquidator to sell the leasehold rights to pay creditors/contributories. The court found that the lease deeds permitted the transfer of rights without objection, rejecting arguments based on rent control legislation. Allegations of lease violations and non-payment of rent were not addressed as separate proceedings were required. Case-Laws Companies Law Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222085