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State Retains Rights Over Leased Property When Company's Liquidation Frustrates Lease Purpose, Causing Automatic Reversion.

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....Company under liquidation - right of the State on leased out property - they continue to remain as lessee. And the object for which the land was leased out being frustrated, on winding up of the company in question; the land leased out to it stands reverted to its owner, the State.....

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