STONE INDIA LTD. vs BOARD OF TRUSTEES,PORT OF CALCUTTA

The Supreme Court upheld the High Court's decision dismissing the writ petition challenging the increase of rent by 25% every ten years under the lease agreements with Calcutta Port Trusts. The Court found that the renewal clause allowed for such increases and that the appellants' claims of arbitrariness and violation of Article 14 were unfounded. The Court affirmed that the lease terms were valid and enforceable, leading to the dismissal of the appeal.