https://www.taxtmi.com/caselaws?id=193686 The court held that the lease did not terminate upon the winding-up order, emphasizing the validity of the long-term lease until its expiration. The Bombay Rent Act was deemed inapplicable to curtail the lease period, protecting the lessee's rights under the Transfer of Property Act. The Official Liquidator was permitted to assign leasehold rights, with an extension of the interim stay for legal recourse. The court's decision favored the continuation of the lease and upheld the lessee's rights under the existing lease agreement. en-us Fri, 17 Oct 2008 00:00:00 +0530 Sat, 12 Aug 2017 12:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193686 The court held that the lease did not terminate upon the winding-up order, emphasizing the validity of the long-term lease until its expiration. The Bombay Rent Act was deemed inapplicable to curtail the lease period, protecting the lessee's rights under the Transfer of Property Act. The Official Liquidator was permitted to assign leasehold rights, with an extension of the interim stay for legal recourse. The court's decision favored the continuation of the lease and upheld the lessee's rights under the existing lease agreement. Case-Laws Indian Laws Fri, 17 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193686