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    <title>2017 (8) TMI 1519 - Supreme Court</title>
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    <description>A public authority holding land in trust cannot renew a lease or convert it to freehold for private commercial exploitation unless the decision is consistent with the original grant, public interest, and Article 14 fairness. The renewal here was based on a misreading of an earlier judgment and failed to consider the purpose of the grant, alleged lease breaches, and the duty to secure the best value for public land, so the renewal and freehold conversion were invalid. The Court also balanced illegality against equity by protecting bona fide third-party purchasers with prior registered sale deeds, while directing restitution, including refund with interest, for other transferees.</description>
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    <pubDate>Thu, 24 Aug 2017 00:00:00 +0530</pubDate>
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      <title>2017 (8) TMI 1519 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=279009</link>
      <description>A public authority holding land in trust cannot renew a lease or convert it to freehold for private commercial exploitation unless the decision is consistent with the original grant, public interest, and Article 14 fairness. The renewal here was based on a misreading of an earlier judgment and failed to consider the purpose of the grant, alleged lease breaches, and the duty to secure the best value for public land, so the renewal and freehold conversion were invalid. The Court also balanced illegality against equity by protecting bona fide third-party purchasers with prior registered sale deeds, while directing restitution, including refund with interest, for other transferees.</description>
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      <pubDate>Thu, 24 Aug 2017 00:00:00 +0530</pubDate>
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