M.C.D. vs SHASHNAK STEEL INDUSTRIES (P) LTD.

The Supreme Court addressed the validity of a perpetual sub-lease executed on February 20, 1981, between the President of India, Mohan Co-operative Industrial Estate Ltd., and Shashnak Steel Industries Pvt. Ltd. The Court held that the perpetual sub-lease is valid and enforceable, emphasizing the importance of adhering to the terms set forth in the lease agreement. The appeals by the Municipal Corporation of Delhi were dismissed, affirming the rights of the sub-lessee without any order as to costs.