40 A.D.2d 784 | N.Y. App. Div. | 1972
Order, Supreme Court, New York County, entered on July 17, 1972, denying temporary injunction, unanimously reversed, on the law and in the exercise of discretion, and the injunction granted. Appellant shall recover of respondent $40 costs and disbursements of this appeal. Plaintiff corporation is a tenant of commercial space in defendant’s building located at 94 Madison Avenue in this city. By extension of the original term the lease runs to 1984. The lease, originally entered into by an individual tenant, was assigned pursuant to its terms to a corporation, the present tenant. The lease contained a covenant that the tenant could not “ sublet or sell without the approval of the Landlord.” In March, 1972 the two stockholders of the tenant corporation sold their shares to one Hilaris. In May, 1972 defendant, claiming this transaction was a sale of the business or the lease, served a notice of termination. Plaintiff instituted this action for a declaratory judgment adjudicating its rights under the lease. For the reason below stated we are not here concerned with the effect of the stock sale on plaintiff’s status as a tenant. Plaintiff sought a temporary injunction to prevent defendant from taking eviction proceedings pursuant to its notice of termination until the termination of
