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Termination of lease of property allotted by Govt. wasn't illegal if co. failed to establish specific purpose

October 31, 2019[2020] 113 283 (SC)/[2020] 157 SCL 537 (SC)

COMPANY LAW: Where State Government allotted property on lease to a company for specified purpose which company failed to establish, action of State Government terminating lease was not illegal and therefore, in case of winding up of said company, order of Single Judge directing liquidator to exclude such leasehold property from winding up process was also legal
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