https://www.taxtmi.com/caselaws?id=165183 The Maharashtra Rent Control Act exemption for public limited companies with paid-up share capital of one crore rupees or more was upheld as valid, and the tenant-company was outside the Act because its share capital exceeded that threshold on the date of termination and suit. A later unilateral reduction of capital, not lawfully approved, could not defeat the landlord's accrued right to eviction, and pendency of proceedings under the Sick Industrial Companies Act, 1985 did not bar the eviction action. No equitable interference was warranted under Article 136 because the tenant remained in substantial arrears. en-us Fri, 05 Oct 2007 00:00:00 +0530 Tue, 07 May 2019 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165183 The Maharashtra Rent Control Act exemption for public limited companies with paid-up share capital of one crore rupees or more was upheld as valid, and the tenant-company was outside the Act because its share capital exceeded that threshold on the date of termination and suit. A later unilateral reduction of capital, not lawfully approved, could not defeat the landlord's accrued right to eviction, and pendency of proceedings under the Sick Industrial Companies Act, 1985 did not bar the eviction action. No equitable interference was warranted under Article 136 because the tenant remained in substantial arrears. Case-Laws Indian Laws Fri, 05 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165183