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    <title>1996 (12) TMI 401 - Supreme Court</title>
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    <description>A transfer of leasehold interest from a foreign company to an Indian company, even if prompted by corporate or regulatory compulsion, can amount to sub-letting or assignment where the transaction expressly conveys the business as a going concern with tenancy-related rights. Section 14(1)(b) of the Delhi Rent Control Act is wide enough to cover any parting with possession without the landlord&#039;s written consent. The fact that the transferee continues in possession and carries on the business does not cure the defect. Regulatory permission under the Foreign Exchange Regulation Act did not displace the need for landlord consent.</description>
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    <pubDate>Thu, 12 Dec 1996 00:00:00 +0530</pubDate>
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      <title>1996 (12) TMI 401 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=196041</link>
      <description>A transfer of leasehold interest from a foreign company to an Indian company, even if prompted by corporate or regulatory compulsion, can amount to sub-letting or assignment where the transaction expressly conveys the business as a going concern with tenancy-related rights. Section 14(1)(b) of the Delhi Rent Control Act is wide enough to cover any parting with possession without the landlord&#039;s written consent. The fact that the transferee continues in possession and carries on the business does not cure the defect. Regulatory permission under the Foreign Exchange Regulation Act did not displace the need for landlord consent.</description>
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      <pubDate>Thu, 12 Dec 1996 00:00:00 +0530</pubDate>
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