SC: Bank Merger Doesn’t Protect Tenants from Eviction
NEW DELHI: In a landmark ruling, the Supreme Court declared on Thursday that the merger of a tenant bank with another entity does not relieve the transferee bank from eviction under the Delhi Rent Control Act without the landlord’s written consent. Ending a nearly 40-year legal dispute, a bench comprising Justices Sanjay Karol and K Kotiswar Singh ordered Punjab National Bank (PNB) to vacate the tenanted premises at Connaught Circus by January 31, 2027, and return it to the owner, the British Motor Car Company Ltd. The court approved the eviction request from British Motor Car Company, which filed a…
