Advocate Sushila
DELHI HIGH COURT HOLDS THAT TRANSFER OF SHARES IN A LEASEHOLD PROPERTY IS NOT DEEMED TO BE TRANSFER OF ASSETS

DELHI HIGH COURT HOLDS THAT TRANSFER OF SHARES IN A LEASEHOLD PROPERTY IS NOT DEEMED TO BE TRANSFER OF ASSETS

The #DelhiHighCourt in the case of Vipul Plastic And Allied Industries Pvt Ltd vs DDA, vide its Judgment dated 26.04.2021 while deciding a conversion of Delhi Development Authority (#DDA) Commercial Property from #leasehold to #freehold held that DDA could not charge unearned increase for transfer of #shares in the company as the said transfer was not deemed to be a transfer of #asset.


To read more, please visit the link below:


https://theindianlawyer.in/delhi-high-court-holds-that-transfer-of-shares-in-a-leasehold-property-is-not-deemed-to-be-transfer-of-assets/


#delhihighcourt #transfer #shares #lease #property

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