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EVICTION ORDER STAYED BY SUPREME COURT AGAINST NATIONAL HERALD PUBLISHER AJL

Team SoOLEGAL 5 Apr 2019 2:27pm

EVICTION ORDER STAYED BY SUPREME COURT AGAINST NATIONAL HERALD PUBLISHER AJL

A bench of High Court comprising of Single Judge refused to interfere with an eviction order earlier by taking note of the fact that Young Indian Company has taken over Associated Journal's Limited (AJL) for valid purposes. It said:

"This Court is conscious of the fact that Young Indian Company is a charitable company, but modus operandi to acquire 99% of AJL's shares speaks volumes. The manner in which it has been done is also questionable." 
It was also found that by transfer of AJL's 99 per cent shares to YI, the beneficial interest of AJL's property worth Rs 413.40 crore stands "clandestinely" transferred to YI. 
The Division Bench of Delhi High Court had, on 28 February, upheld that the eviction order which was passed against AJL stating that no press has been functioning in the premises for at least the past 10 years was being used only for commercial purposes in violation of the lease deed. Such order was passed as a result of backdrop of majority of shares of AJL which were transferred to the company Young India (YI). Rahul Gandhi and Sonia Gandhi are shareholders of these.

The Apex Court of India has stayed the Delhi High Court's order of conviction against AJL.



Tagged: National Herald Publisher AJL   Supreme Court   Eviction Order  
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