When a company that is the landlord of a premises stands dissolved due to amalgamation, do the rights given to it under a decree for eviction get transferred to the amalgamated company? Ruling in M/s Speedline Agencies v M/s T Stanes & Co Ltd, the Supreme Court recently held these rights do get transferred under both the Rent Control Act and the Transfer of Property Act.
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The update of court judgments is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.
