Supreme Court of India
Board of Trustees, Port of Kolkata v. Efclon Tie-up Pvt. Ltd. and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that, there is no lease that is subsisting between the Port Trust and the liquidated company and hence the respondent No.
Judgment, page 12
From the headnote
Lease-Indenture of lease-Entered into by a Company and the Port Trust-It was stated in the deed that the lessee had the option of afresh lease for a further term of 30 years provided a notice stating the same was given ---';. to the Port Trust at least six months before expiration of the subsisting c lease-Port Trust had also the option of renewing the lease for such further period, provided the conditions of the lease deed were fulfilled-It was also stipulated that in the event of the Company going into liquidation or is wound up compulsorily or voluntarily, the Port Trust would reenter
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