site, a stipulation to pay an amount for the „lock-in‟
period, is an admitted debt within the meaning of
Section ... breach of
the lock-in commitment. Therefore, respondent is liable to pay the service
charges for the entire lock-in period which comes
shall not be entitled to terminate the
Agreement during their respective Lock in Period in this
regard, the Parties agree as following ... event the Lessee terminate this
Agreement during the Lessee's Lock In Period for any
reason other than failure of the Service Provider
security deposit
free of interest with the respondent. There was a locking period of 12 months
agreed by and between the parties under the said ... petitioner did not enter and occupy the said premises during the locking
period.
33. It is submitted that there was neither any plea
from
01.04.2012 till 31.03.2020 with the first five years as a lock in period.
Further, the respondent agreed to strictly abide by the obligations
stipulated ... Profits from the ₹93,97,202/-
remaining period out of the lock-
in period i.e. 03.09.2015 till
31.03.2017
Claim 4 Contractor
arrears
of rent as well as the rent for the remaining lock-in period.
10. It is further stated that on May 20, 2020, owing ... Page 11 of 76
Signing Date:30.05.2023
18:35:47
the lock-in period of 3 years claimed by the respondent
was ascertainable in terms
were enumerated in sub-clause (d). Clause 9 provided for a
lock in period of 5 years, during which, save and except on the ground ... both parties were prohibited from terminating the
VOMA. Termination, after the lock in period, was permissible only
with 6 months written notice to the opposite
during the lock-in period, the respondent was liable to pay the IP
Fee for the residual period of the lock-in for the sites ... period, Datacom will have to pay to
WTTIL, the balance amount of IP Fees, remaining payable
for the residual period of the lock-in period
notice that the purported termination was
unlawful owing to the lock-in-period of five years in the
Agreement. The petitioner also highlighted ... discussions during which the petitioner asserted and
explained that the lock-in period of five years would commence
OMP(I)(COMM) 247/2020 Page
ground that the units were not repurchasable during the stipulated lock in period of 7 years as agreed to by the Appellant at the time ... section. He submitted that the units with 7 years lock in period issued by Respondent mutual funds were long term specified assets for the purpose
provides in section L as follows :
"Promoters' contribution and lock-in -period
(a) Equity capital to be subscribed in any issue ... share. The lock-in-period was upto 6-10-1997. The period between the purchase and the lock-in-period was 21 months. The assessee
