https://www.taxtmi.com/caselaws?id=312687 The HC ruled in favor of the writ petitioner company, determining that a change in shareholding does not constitute an assignment of the lease under clause 2(8) of the agreement with the State of West Bengal. The court emphasized the separate legal entity of the company from its shareholders, declaring the government's breach allegations unfounded. The government was restrained from acting on its 2009 letter but could pursue further legal action if it believed a lease covenant breach occurred. Future actions must be based solely on the 2009 letter's allegations, without extending beyond its scope. en-us Mon, 15 Mar 2010 00:00:00 +0530 Fri, 01 Mar 2024 18:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312687 The HC ruled in favor of the writ petitioner company, determining that a change in shareholding does not constitute an assignment of the lease under clause 2(8) of the agreement with the State of West Bengal. The court emphasized the separate legal entity of the company from its shareholders, declaring the government's breach allegations unfounded. The government was restrained from acting on its 2009 letter but could pursue further legal action if it believed a lease covenant breach occurred. Future actions must be based solely on the 2009 letter's allegations, without extending beyond its scope. Case-Laws Indian Laws Mon, 15 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312687