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1998 (12) TMI 479 - SC - Companies LawWhether the assignee has a legal right to claim performance of any part from the allottor? Held that:- Appeal dismissed. Here the agreement was entered into between the Corporation and the allottee, as a sequel to the request made by the allottee to give him an industrial plot for the purpose of setting up an industry. Corporation reciprocated to the request on being satisfied that the allottee was able to carry out the obligations so as to accomplish the purpose of allotment thus f the allottee evacuates from the scene after inducting someone else into the plot without consent of the Corporation, it is not legally permissible for the inductee to compel the Corporation to recog- nise him as the allottee. Thus in agreement with the conclusion of the High Court that the petitioner has no locus standi to question the validity of the order of resumption.
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