Mortgage without statutory consent invalid: Delhi Development Authority vs Corporation Bank

The Supreme Court held that a mortgage of leasehold property executed without the prior written consent of the competent authority, as required under the lease deed, is illegal and unenforceable, and any subsequent actions based on such mortgage, including sale or auction, are invalid. In a bench comprising Justices Sanjay Kumar and Alok Aradhe, quashed the e-auction of a plot allotted by the Delhi Development Authority (DDA) in Delhi Development Authority vs Corporation Bank on September 25, 2025.

The Court determined that the club mortgaged the site to Corporation Bank without the Lieutenant Governor of Delhi’s prior written authorization, rendering the mortgage unconstitutional. As a result, the Bank’s following auction was unlawful since it violated the lease deed’s stipulations as well as legislative prohibitions.

The Court underlined that the DDA’s statutory rights over the property remained intact, including the opportunity to recover unearned increase and preemptive purchase rights. The DDA’s earlier writ petition, which was dropped in response to the Bank’s undertaking, did not preclude it from challenging the auction, which violated lease restrictions.

The Court further stated that the auction purchaser behaved in good faith and was free of any misconduct. Upholding the concept of restitution, it directed the Bank to restore the auction profits to the purchaser with interest at 9% per year, ensuring that no party was unfairly enriched at the expense of an innocent third party.

As a result, the e-auction notice, auction, and sale confirmation were cancelled, and the Bank was ordered to comply with the refund order within one month.

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Law Interns at Lawfinity India Pvt. Ltd. (Dwarka, New Delhi) | Corporate & Compliance Internship 2025

Lawfinity India Pvt. Ltd., operating under the brand name Vyaapaar Salahkaar, is a reputed corporate and legal consultancy firm based in New Delhi. The organisation specialises in providing holistic solutions in corporate law, compliance, taxation, licensing, and regulatory matters. With a diverse team that includes Company Secretaries, Chartered Accountants, Advocates, and Legal Consultants, the firm has built a strong reputation for offering end-to-end business advisory services.

The consultancy operates with a client-centric approach, catering to both startups and established businesses across India. Their vision is to empower enterprises by ensuring they meet all legal, corporate, and regulatory requirements while focusing on growth.

Lawfinity India Pvt. Ltd. has become a preferred choice for legal internships, particularly for law students who want to gain real-world exposure to corporate advisory and compliance frameworks. The internship program is structured to provide interns with hands-on experience in multiple aspects of corporate law, making it an excellent stepping stone for future legal professionals.


Internship Opportunity at Lawfinity India Pvt. Ltd.

The firm is currently inviting applications for Law Internships at its office located in Dwarka Sector-12, New Delhi. This is a unique opportunity for law students and recent graduates who wish to gain practical exposure in Corporate Law, Licensing, and Compliance.

The internship allows candidates to work alongside an experienced team of professionals that includes CS, CAs, and Advocates. Interns will not only be involved in legal research and drafting but will also understand how corporate compliance frameworks function in practice. This exposure will help students bridge the gap between theoretical legal education and industry-oriented skills.


Eligibility Criteria

To apply for the Law Internship at Lawfinity India Pvt. Ltd., candidates must meet the following eligibility conditions:

  • Pursuing or completed LLB, Law, or Legal Studies (students of integrated law programs are also eligible).
  • CS students with an interest in corporate law and compliance may also apply.
  • Experience: 0–6 months. Freshers are highly encouraged to apply as the program is designed to build strong foundations.
  • Candidates must have a keen interest in corporate law, licensing, taxation, and compliance matters.

Key Responsibilities

Selected interns will be assigned a range of tasks to help them gain comprehensive exposure in corporate consultancy and legal advisory services. Responsibilities include:

  • Assisting in compliance, licensing, and corporate law matters for clients across industries.
  • Conducting in-depth legal research on statutory and regulatory requirements.
  • Supporting in drafting documentation, agreements, and compliance reports.
  • Working in collaboration with a cross-disciplinary team of Company Secretaries, Chartered Accountants, and Advocates.
  • Preparing briefs, summaries, and reports for internal and client use.
  • Learning the application of corporate laws in real-world scenarios.

This internship ensures that students develop both legal knowledge and practical business advisory skills, which are crucial for a successful career in corporate law.


Stipend

Interns at Lawfinity India Pvt. Ltd. will be provided with a monthly stipend ranging between ₹10,000 and ₹15,000, depending on their performance, prior experience, and duration of the internship. The stipend reflects the firm’s commitment to valuing interns’ contributions while giving them meaningful exposure to corporate consultancy work.


Benefits of the Internship

  • Gain first-hand experience in corporate law and compliance matters.
  • Opportunity to work with experienced CS, CAs, and Advocates.
  • Exposure to corporate advisory services for startups and businesses.
  • Enhance legal drafting and research skills.
  • Internship completion certificate to add weight to your CV.
  • Paid stipend, making it a valuable and rewarding opportunity.

Location

The internship will be conducted on-site at the Dwarka Sector-12 office in New Delhi. This allows interns to engage directly with the professional team and clients, ensuring maximum learning and networking opportunities.


How to Apply

Interested candidates can apply by sending their CV to the official internship email ID: info@lawfinity.com.

The subject line of the email should read: Application for Law Internship – Lawfinity India Pvt. Ltd.

Applicants are advised to ensure their CV is well-formatted and highlights relevant coursework, skills, or experiences in corporate law, compliance, or business consultancy. A short cover note explaining your interest in corporate law and compliance will strengthen the application.


Why Choose This Internship?

A law internship at Lawfinity India Pvt. Ltd. is not just about gaining work experience; it is about becoming part of a professional environment that blends law, compliance, taxation, and corporate advisory under one umbrella. For students looking to explore the corporate law sector, this opportunity provides exposure to the exact skills and expertise that law firms and companies expect in the job market.

The combination of legal training, corporate consultancy work, and stipend support makes this internship one of the most practical and rewarding experiences for law students in New Delhi.


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