Content Provider | Supreme Court of India |
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e-ISSN | 30484839 |
Language | English |
Access Restriction | NDLI |
Subject Keyword | Industrial Development |
Content Type | Text |
Resource Type | Law Judgement |
Jurisdiction | India |
Case Type | Appeal |
Court | Supreme Court of India |
Disposal Nature | Appeal Allowed |
Headnote | Industrial Development- Government of Uttar Pradesh acquired land and conveyed the same to appellant-U. P State Industrial Development Corporation for setting up industrial area -Appellant-Corporation divided the land into plots for leasing the same to industrial units and executed lease deed in favour of respondents-Companies - Later appellant Corporation made allegation that respondents--companies' share holders transferred their company/their shares to new shareholders without the consent of appellant-Corporation, which amounted to transfer of interest, for which transfer levy is required to be deposited- Demand notices issued by the appellant-Corporation challenged by the respondents Companies in different writ petitions or suits which were allowed by the High Court- Justification- Held: On facts, by their alleged action, the respondents-Companies directly or indirectly transferred or patted with their interest/benefit under their respective agreements in violation of the terms of the agreement and their lease deed and were thus liable to pay transfer fee -Appellant rightly issued notice demanding transfer fee from each of the respondents and there was no reason for the High Court to interfere with the same. |
Judge | Hon'ble Mr. Justice S.J. Mukhopadhaya |
Neutral Citation | 2015 INSC 73 |
Petitioner | U. P State Industrial Dev.corpn. Ltd. |
Respondent | Monsanto Manufactures (p) Ltd. & Anr. |
SCR | [2015] 11 S.C.R. 1044 |
Judgement Date | 2015-01-29 |
Case Number | 2731 |
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