Associated Journals Ltd has to vacate Herald House, directs Delhi High Court
The single judge in its order on December 21 had noted that by transfer of AJL's 99 per cent shares to Young Indian company, the beneficial interest of AJL's property worth Rs 413.40 crore stands clandestinely transferred to Young Indian company.
The AJL had challenged the December 21 order of a single judge bench that dismissed its plea against the Urban Development Ministry, which on October 30, 2018, had said that AJL's 56-year-old lease on Herald House has ended amd it must vacate. PTI