Mumbai:Seventeen years after Air-India issued a notice of termination to Indian Petroleum Corporation Ltd (IPCL) to vacate its office in multi-storey Air India building at Nariman Point in Mumbai, the Bombay high court (HC) has refused to interfere with the order of eviction.
IPCL had procured two offices on leave and licence basis on the ninth and 19th floor of the Air-India building in 1975 and 1979. At the relevant time, it was a government company, but later it merged with Reliance Industries Ltd (RIL).
In 1995, the airline issued a notice terminating the leave and licence agreement on the ground that it required the premises for its own use.
03/01/13 PTI/Daily News & Analysis
