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2019 (10) TMI 1526 - SC - Companies LawTermination of lease agreement - WBSIDC's right to forfeit the lease, when the lessor had no grievance in that regard - HELD THAT:- The finding that since the exercise by the lessor (WBSIDC) of its right to determine the lease attained finality, the mortgagee (represented by the Appellant) could not claim rights superior to that of the lessee, is in consonance with settled law. There can be no dispute, nor was it contended that a donee or a grantee (as the status of the lessee company in liquidation as in this case) can have no rights in excess of that possessed by the donor or the grantor. The mortgagee (whose shoes SASF has stepped into) of the lessee (Wellman) can have no right greater or better than that of the lessee in terms of the deed of lease. Appeal dismissed.
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