MUMBAI INTERNATIONAL AIRPORT PVT. LTD. vs REGENCY CONVENTION CENTRA & HOTELS

The Supreme Court addressed the legality of the lease agreement between the Airport Authority of India (AAI) and the appellant regarding the Mumbai Airport, emphasizing the provisions of the Airports Authority of India Act, 1994 and the Amendment Act 43 of 2003. The Court held that the lease deed's description of the demised premises, which excluded certain carved out assets, was valid and binding, and clarified that the 31,000 sq.m. parcel of land could not be included due to an existing interim order from the Bombay High Court. The Court upheld the AAI's decision to lease the airport while ensuring compliance with legal stipulations regarding pending claims.