DEPOT. SUPERINTENDENT H.P. CORP. LTD&ANR vs KOLHAPUR AGRI. MARKET COMMTT. KOLHAPUR

The Supreme Court upheld the dismissal of the appellant's second appeal by the Bombay High Court, affirming that under Section 7(3) of the Caltex (Acquisition of shares of Caltex) Oil Refining (I) Ltd. Act, 1977, there is no automatic renewal of lease agreements. The Court clarified that renewal is contingent upon the Central Government's desire, and the appellant's claim for a second renewal was not substantiated. The Court emphasized that the appellant's refusal to vacate the premises, despite the High Court's suggestion to avoid litigation, was not legally tenable.