BHARAT PETROLEUM CORP.LTD. vs RAMA CHANDRASHKHAR VAIDYA

The Supreme Court ruled that under Section 5(2) of the Burmah Shell (Acquisition of Undertakings in India) Act, 1976, Bharat Petroleum Corporation Limited is entitled to renewal of its lease despite the absence of a formal executed lease deed for the second term. The Court emphasized that the appellant's continuous occupation and the notice for renewal constituted sufficient grounds for the lease's renewal. The eviction decree against the appellant was set aside, affirming its right to remain in possession of the premises.