https://www.taxtmi.com/caselaws?id=222085 Leasehold rights under perpetual lease deeds were treated as transferable where the deed expressly permitted assignment and the parties' conduct showed repeated transfers without objection. Even on the assumption that rent control law applied, section 15(1) of the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947 did not bar transfer where the contract allowed it, and section 108 of the Transfer of Property Act, 1882 supported assignability absent a statutory or contractual prohibition. The alleged rent default did not, by itself, justify restoration of the land to the lessors in the absence of ejectment proceedings. The leasehold interest could therefore be realised by the official liquidator for the benefit of creditors and contributories. 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 Leasehold rights under perpetual lease deeds were treated as transferable where the deed expressly permitted assignment and the parties' conduct showed repeated transfers without objection. Even on the assumption that rent control law applied, section 15(1) of the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947 did not bar transfer where the contract allowed it, and section 108 of the Transfer of Property Act, 1882 supported assignability absent a statutory or contractual prohibition. The alleged rent default did not, by itself, justify restoration of the land to the lessors in the absence of ejectment proceedings. The leasehold interest could therefore be realised by the official liquidator for the benefit of creditors and contributories. Case-Laws Companies Law Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222085