Acquisition Act, 1975

 

Acquisition Act, 1975


Section -3

Where any property is
held by FSSO under any lease or under any right the Government shall without
prejudice to the provision of section 3 shall become a lessee or the tenant in
respect of such property as if lease or tenancy has been granted to the
Government. All right under such lease or tenancy, including the right of
renewal thereof, shall be deemed to have been transferred to, and vested in the
Government. It has been provided that after expiry of term of any lease or
tenancy the Government may continue to hold the property for such period as it
may consider necessary on the same terms and conditions on which it was held
immediately before such expiry as if the lease or tenancy had been renewed for
such period.

M/s. Shahjahan
Enterprise Ltd: Vs. Meghna Petroleum Ltd. & Ors.UBLT(AD)-103