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Companies Law - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Company under liquidation - right of the State on leased out ...


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

October 3, 2018

Case Laws     Companies Law     HC

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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