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Indian Laws - Highlights / Catch Notes

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Charging Lease transfer fee - Amalgamation of company - The ...


Respondent's Lease Fee Demand Violated Policy by Misclassifying Amalgamation as Transfer, Ignoring Exception Clause.

October 6, 2023

Case Laws     Indian Laws     HC

Charging Lease transfer fee - Amalgamation of company - The respondent no.1 acted de hors its own General Policy and meeting resolutions in claiming full transfer fees from the petitioners by treating the amalgamation between the petitioners no.1 and its companies as a “transfer” within the contemplation of the General Policy of the respondent no.1, although it falls within the exception clause thereof. - HC

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