Summary: M/s Indian Oil Corporation Limited (IOCL) must leave a gas station in Karimnagar by the end of 2025, following a court decision. The lease had ended, and the court decided in favor of Sri Satyanarayana Lahoti, Sri Ramnivas Lahoti, and Sri Shyam Sunder Lahoti, the property owners.
The case is about a property lease in Karimnagar. IOCL was using the land for a gas station, but the lease ended in 2023. The Lahoti brothers, who own the property, wanted IOCL to leave. IOCL, however, wanted to stay longer and went to court to try to renew the lease.
"The time period for the lease ended back in the year 2023..."
In 2024, the Lahoti brothers asked the court to make IOCL leave the property. The judge decided in their favor, telling IOCL to leave within three months. IOCL didn't agree with this decision and asked for another chance.
IOCL said they had allowed someone from the S.C. community to run the gas station until December 31, 2025. They asked for more time to stay until that date.
"The company wants an extra two (2) months’ time to leave the property..."
The court, led by Justices Abhinand Kumar Shavili and Vakiti Ramakrishna Reddy, decided to let IOCL stay until December 31, 2025. However, IOCL must pay higher rent during this time and clear any overdue payments within four weeks.
"The company must leave the property on or before 31.12.2025."
The court also told IOCL to drop their request to renew the lease within four weeks. This decision aims to remove any legal obstacles and ensure the Lahoti brothers get back their property.
The court's decision gives IOCL time to handle its commitments while ensuring the Lahoti brothers will get their property back by the end of 2025. This case shows how important it is to follow lease agreements and how complicated legal issues can be when disagreements happen.
