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DELHI HIGH COURT'S EVICTION ORDER AGAINST NATIONAL HERALD PUBLISHER AJL STAYED BY SUPREME COURT

Team SoOLEGAL 8 Apr 2019 12:07pm

DELHI HIGH COURT'S EVICTION ORDER AGAINST NATIONAL HERALD PUBLISHER AJL STAYED BY SUPREME COURT

The Delhi High Court had, on 28th February, upheld that the Eviction order which was passed by the Public Premises Act by Centre and the Land and Development Office(LDO) which stated that no press has been functioning in the premises for at least the past 10 years and that it was being used only for commercial purposes in violation of the lease deed.

AJL had contended that the digital mode of the newspaper National Herald, Hindi's Navjivan and Urdu's Qaumi Awaz have commenced from 2016-17. The weekly newspaper 'National Herald on Sunday' resumed on September 24, 2017, and the place of publication was the ITO premises, AJL said, adding that the Hindi weekly newspaper Sunday Navjivan was being published since October last year from the same premises. 
Another contention was that even a 100 percent shareholder of a company would not become the owner of its assets.

The Centre had contended before the Apex court that transfer of 99 per cent stake in AJL to YI, when the latter bought the former's Rs 90 crore debt for a consideration of Rs 50 lakhs, led to a "virtual" sale. 
The Single bench's view was upheld by the Division bench that the entire transaction of transferring the shares of AJL to Young India was nothing but a clandestine and surreptitious transfer of the lucrative interest in the premises to Young India.

Supreme Court, on April 5. stayed the eviction order of Delhi High Court against Associated Journal's Limited(AJL), the publisher of Congress mouthpiece National Herald, from ITO premises in New Delhi.



Tagged: Supreme Court   Delhi High Court   Associated Journal's Limited  
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