Can a merger transfer tenancy rights? What Supreme Court ruled
The Supreme Court ruled that tenant rights passing via merger require landlord consent. A bank's tenancy was transferred to another bank without landlord permission. This transfer was deemed an unauthorized assignment under rent control law. The court ordered the bank to vacate the Connaught Place premises by January 2027. The bank must provide an undertaking to vacate vacant possession.
The Supreme Court ruled that tenant rights passing via merger require landlord consent. A bank's tenancy was transferred to another bank without landlord permission. This transfer was deemed an unauthorized assignment under rent control law. The court ordered the bank to vacate the Connaught Place premises by January 2027. The bank must provide an undertaking to vacate vacant possession.
