ARUN KUMAR BHATTACHARYA
CANDLEWOOD HOLDINGS LTD. – Appellant
Versus
ALLAHABAD BANK – Respondent
( 1 ) THIS is a suit for recovery of Rs. 2,66,54,196/- towards arrear rents, hiring charges, municipal taxes and commercial surcharge with interest and Rs. 17,14,142/- towards compensation for damages to furniture and fixtures, interest and other reliefs.
( 2 ) THE miniaturised version of the plaintiff is that the Calcutta credit Corporation Ltd. , hereinafter referred to as the Corporation, was the owner of fourth floor of premises No. 24, Park Street, Calcutta 16 consisting of two portions having covered areas of 9000 and 1400 sft. , as described in schedule 'a' to the plaint. By an agreement for lease dated 27. 08. 84 the said Corporation leased out 9000 sft. to United industrial Bank Ltd. for a period of fifteen years from 01. 09. 84 at a monthly rental of Rs. 81. 000/- on condition that after completion of every five years the rent would be increased by at least ten per cent and that lessee would bear and pay to the lessor the occupier's share of the municipal rates and taxes and other municipal levies in respect of the said 9000 sft. without insisting upon production of assessment orders and/or bills. By a supplemental agreement dated 27.
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