NEW OCEAN TRANSPORT LIMITED & LESK INVESTMENTS LIMITED V. ANWAR MOHAMED BAYUSUF LIMITED

RULING OF THE COURT

New Ocean Transport Company Limited and Lesk Investments Limited “the applicants” entered the property known as Plot No.194/VI/MN, “the suit premises” then registered in the Erstwhile owner, M.A. Bayusuf Limited through a 5 year 3 months lease. When it expired M.A. Bayusuf Limited granted them an extension of the lease for a further two years from 1^st February, 2003. The two years extension came to an end by effluxion of time on 1^st February, 2005. However the applicants continued to hold over. On 9^th May 2007, the suit premises were sold, transferred and registered in the name of Anwar Mohamed Bayusuf Limited, ‘the respondent” by M.A. Bayusuf Limited. Subsequent thereto on 1^st August 2007, the respondent issued to the applicants Notice of termination of tenancy pursuant to the provisions of the Landlord and Tenant (Shops, Hotels and catering Establishments) Act to take effect from 1^st November, 2007. The applicants contested the notice and filed a reference as requ…