first equitable mortgage charge of
corporate debtor's leasehold rights in a commercial plot in Jodhpur
(Rajasthan) admeasuring 4,141 square yards (in short ... debentures (NCD) are secured against
first equitable mortgage over the leasehold rights on plot at
Jodhpur and charge over 4eswcrow account on receivables
from
became well and sufficiently
entitled to the leasehold rights, title and interest in
the plot of land bearing no. B-15/2 admeasuring
approximately ... Appellant cannot be held to have
any leasehold rights in any part of Plot of land at B-15/2 area
sole substantial asset of the Corporate Debtor
comprised a leasehold industrial plot admeasuring approximately 10,000
sq. mtrs. situated at RIICO Industrial Area, Neemrana, Rajasthan ... failed.
d) In view of repeated failure of auctions and uncertainty regarding leasehold
rights, the Stakeholders' Consultation Committee ("SCC") resolved
Liquidator has also stated that sub division
of the plot was accepted to the leasehold parcel of land and was not
applicable to freehold land ... Earnest
Asset Price (Inr Money
Crores) Deposit(INR
Crores)
1. Leasehold Part of Plot no.
825 of Jhagadia
GIDC, Bharuch in
16
Company Appeal
Sonbhadra ' in while considering leasehold rights
concluded as under: -
"20. We are of the view that the 'Leasehold Rights ... Respondent that 'the said Plot is not owned by the
'Corporate Debtor', but it has only Leasehold Rights over
whom a plot, apartment or building, as the case may be, has been
allotted, sold (whether as freehold or leasehold) or otherwise transferred ... transfer or otherwise but does not include a
person to whom such plot, apartment or building, as the case may be, is
given on rent
Sonbhadra ' in while considering leasehold rights
concluded as under: -
"20. We are of the view that the 'Leasehold Rights ... Respondent that 'the said Plot is not owned by the
'Corporate Debtor', but it has only Leasehold Rights over
competitive bids were invited for development of hotel on plot
of land on leasehold basis and project was awarded to consortium which include
the Appellant ... Crafts and Cultural Society ('Society') for additional plot of
land. Both the leasehold lands form part of the hotel project consisting two
towers
successful resolution applicant can be granted ownership of leasehold rights
over the subject plot without payment of dues to the respondent. In other words,
whether ... Corporation shall have right to cancel the allotment of
plot, and take back possession of plot/ building also forfeited amount
equivalent to earnest money
copyrights and trademarks, Royalty Streams,
Software, Licenses, Franchise Arrangements, Goodwill and Leaseholds. A
Leasehold is an Intangible Asset to a Lessee that gives ... Leasehold's Original Cost.
As Intangible Assets, Companies amortize Leaseholds instead of depreciating
them. As with other long-term Assets, the Leasehold
