In our case a Private Limited Company (lessor) has given a lease of an immovable property to another Private Limited Company (lessee) for 999 years, and the lease deed says that the lease is not terminable and also cannot be cancelled on sale of the lessor or its liquidation. Now the lessor is under going liquidation under the Companies Act. Need to know what happens to the lease deed, will the lease automatically end once the company is liquidated inspite of the lease deed saying otherwise or is the lessee protected in manner from cancellation?
