Finolex Industries has sold its leasehold rights of 25 acres for ₹470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, documents accessed by CRE Matrix showed. Finolex Industries has sold its leasehold rights of 25 acres for more than ₹ 470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, property documents showed. In 2022, Microsoft Corporation had acquired …
The National Company Law Tribunal, Mumbai Bench, comprising Shri Kishore Vemulapalli and Shri Prabhat Kumar, while adjudicating an application under Section 9 of Insolvency and Bankruptcy Code, 2016 in RSM Infra Partners vs Siddhivinayak Skyscrapers Private Limited has held that an amount paid as advance towards an agreement of transfer of leasehold rights in an immovable property does not come …
The Madhya Pradesh High Court has held that a charge of Bank on the leasehold plot mortgaged as security towards loan will have priority over other charges of third party, including the State. The order states, "Since Sections 26-E of Act of 2002 and 31-B of 1993 Act override the provisions in any other law as to priority right of …
![Will Charge Of Bank On A Leasehold Plot Mortgaged As Loan Security Have Priority Over Third Party Charges? Madhya Pradesh High Court Answers [Read Order]](https://www.livelaw.in/h-upload/2019/05/13/360840-madhya-pradesh-high-court--mphc.jpg)