appellants-plaintiffs that by mere exercise of option claiming
renewal, the lease stood renewed automatically and there was no need for
executing a document evidencing ... mere exercise of option by the appellant-plaintiff claiming renewal the
agreement got renewed automatically.
32. We are of the view that the respondent
appellants-plaintiffs that by mere exercise of option claiming renewal, the lease stood renewed automatically and there was no need for executing a document evidencing ... mere exercise of option by the appellant-plaintiff claiming renewal the agreement got renewed automatically.
32. We are of the view that the respondent
that on the exercise of option the lease gets renewed automatically which automatic renewal does not depend upon any other reason or cause or that ... such renewal as per stipulations agreed to between the parties, not to statutory renewal as in the present case.
34. The expression "renewed
that on the exercise of option the lease gets renewed automatically which automatic renewal does not depend upon any other reason or cause or that ... such renewal as per stipulations agreed to between the parties, not to statutory renewal as in the present case.
34. The expression "renewed
renewal clause contingent or
otherwise" may be a comprehensive phrase to cover both
scenarios- renewal depending on specific conditions and
renewal being automatic ... lessee intends to renew. The renewal post
expiry of the first nine years is not automatic but same is
subject to what is specified
renewal clause contingent or
otherwise" may be a comprehensive phrase to cover both
scenarios- renewal depending on specific conditions and
renewal being automatic ... lessee intends to renew. The renewal post
expiry of the first nine years is not automatic but same is
subject to what is specified
renewal clause contingent or
otherwise" may be a comprehensive phrase to cover both
scenarios- renewal depending on specific conditions and
renewal being automatic ... lessee intends to renew. The renewal post
expiry of the first nine years is not automatic but same is
subject to what is specified
renewal clause contingent or
otherwise" may be a comprehensive phrase to cover both
scenarios- renewal depending on specific conditions and
renewal being automatic ... lessee intends to renew. The renewal post
expiry of the first nine years is not automatic but same is
subject to what is specified
parties on 05.04.2004. The first respondent is
entitled to automatic renewal of lease by virtue of operation of law. In so far
as the contention ... respondent would
vehemently contend that the Petroleum companies are entitled to automatic
renewal, as per the judgment of the Hon'ble Supreme Court
Trust had exercised its option for such extension, there is an automatic renewal of the lease. Reliance was placed upon ( 2004) 1 SCC 1 [State ... appellant-plaintiffs that by mere exercise of option claiming renewal, the lease stood renewed automatically and there was no need for executing a document evidencing
