Kundla Press And Oil Mill Pvt. Ltd vs State Of Gujarat And Ors

The Supreme Court upheld the decision of the High Court regarding the lease of land to the appellant company, affirming that the company had the right to renew the lease under the provisions of the Transfer of Property Act. The Court noted that the Arbitrator's award, which allowed the company to carry out construction on the leased land, was valid and binding. The Court held that the Municipality's actions to cancel the lease were unlawful, thus reinforcing the company's entitlement to the lease and its rights to develop the property as per the award.