Tenant company can’t regain rent control protection after capital reduction: Bombay HC, – Homevior
Representative image The Bombay High Court has ruled that a tenant company that had previously exceeded the Rs 1 crore threshold in paid-up capital cannot regain protections under the Maharashtra Rent Control (MRC) Act, 1999 following a voluntary reduction of its capital. The court rejected claims by Mather and Platt (India) that its financial status …