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1980 (1) TMI 164 - SC - Companies LawWhether the plaintiffs were estopped from denying the validity of the sale in favour of the Benaras Bank Ltd. and the character of the possession of the Benaras Bank Ltd. and its successors-in-interest? Held that:- Appeal allowed. At no point of time did the predecessors-in-interest of the plaintiffs raise the slightest objection to the sale of the leasehold interest. It was thereafter that the defendant obtained the permission of the Municipal Board, Saharanpur, and raised a construction on the land. The plaintiffs themselves admittedly reside nearabout the land in dispute. They did not raise any objection to the raising of the construction. The plaintiffs as well as the defendants appeared to proceed on the common understanding that the defendants had succeeded to the interest of the Patel Mills Ltd., in the leasehold interest. We are, therefore, of the view that the plaintiffs were estopped from contending that the defendant had no interest in land. The only right of the plaintiffs was to receive the rent.
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