COMPOSITE HOTELS LTD. vs GUJARAT STATE FINANCIAL CORPORATION — C.A. No. 6430/2002

Summary: The Supreme Court heard the appeal of Composite Hotels Ltd. challenging the High Court's vacation of an interim order protecting the hotel premises from possession by Gujarat State Financial Corporation (GSFC). The matter involved a loan taken by Tourism Corporation of Gujarat (property owner) from GSFC, which sought possession under Section 29 of the State Financial Corporation Act. The Court disposed of the appeal by directing the appellant-lessee to pay Rs. 92,000 in full and final settlement to GSFC within four weeks, with this amount to be adjusted against lease rent payable to Tourism Corporation of Gujarat. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.