M.C.D vs Shashnak Steel Industries (P) Ltd

The Supreme Court dismissed the civil appeals concerning the perpetual sub-lease and lease agreements, affirming the validity of the perpetual sub-lease dated 20.2.1981 between the President of India, Mohan Co-operative Industrial Estate Ltd., and Shashnak Steel Industries Pvt. Ltd. The Court held that the terms of the sub-lease were binding and enforceable, thereby upholding the rights of the sub-lessee. No costs were awarded in the judgment, which was delivered in the context of the Municipal Corporation of Delhi's appeals.