had two wholly-owned subsidiaries.
one of these, landed property of group was vested.
carried on business of group, occupying property as licensee.
acquired under compulsory purchase.
Tribunal decided negligible compensation payable –
had lost only revocable licence, and subsidiary had no business to lose.
of Appeal reversed decision on ground, inter alia, that group could be treated
as single economic entity.
Denning MR –
three Companies should … be treated as one and the parent company, DHN, should
be treated as that one’