https://www.taxtmi.com/caselaws?id=458535 An expired lease left the company in liquidation in occupation as a statutory tenant under the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947. That status allowed continued possession only subject to compliance with the Rent Act, but Sections 12, 13 and 15 prevented any sub-letting, assignment or transfer of the tenancy interest unless a permitted notification applied; the claimed transfer did not qualify, so the tenancy was not a saleable asset. Earlier rejection of a similar application outside the scope of prior proceedings did not operate as res judicata or constructive res judicata. The Official Liquidator could retain possession only so long as needed for winding up and sale of the superstructure, and the land was to be handed over thereafter. en-us Thu, 17 Sep 2009 00:00:00 +0530 Tue, 05 Nov 2024 15:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458535 An expired lease left the company in liquidation in occupation as a statutory tenant under the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947. That status allowed continued possession only subject to compliance with the Rent Act, but Sections 12, 13 and 15 prevented any sub-letting, assignment or transfer of the tenancy interest unless a permitted notification applied; the claimed transfer did not qualify, so the tenancy was not a saleable asset. Earlier rejection of a similar application outside the scope of prior proceedings did not operate as res judicata or constructive res judicata. The Official Liquidator could retain possession only so long as needed for winding up and sale of the superstructure, and the land was to be handed over thereafter. Case-Laws Companies Law Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458535