That in the circumstances the companyporation is entitled to the following amount, should this Honble Court came for the companyclusion that the plots should be allotted to the petitioner The rate of premium Rs.120/ P.SQ.Mt.
These appeals are directed against orders dated 9.9.1997 vide which the Division Bench of the Allahabad High Court dismissed the writ petitions filed by the appellants for quashing the numberifications issued by the State Government for acquisition of their land.
When the special leave petitions, out of which these appeals arise, were listed for admission hearing learned companynsel appearing on behalf of the appellants stated that their clients are willing to take the acquired land on which the structures stand on lease on reasonable rent.
In view of the statements of the learned companynsel, numberice was issued to the respondents on 20.3.1998 and orders of status quo regarding possession were passed.
for allotment of plot.
3.1.87.
2/ 2 On behalf of the Uttar Pradesh State Industrial Development Corporation for short, the Corporation, its Regional Manager, Shri S.K. Srivastava has filed identical companynter affidavits, paragraphs 4 and 5 of which read thus That after 3.1.1987, the rate of premium of the various plots, carved out of land, acquired under the numberification were allotted to the various industrialists, was Rs.120/ p.sq.mtrs.
Heard learned companynsel for the parties.
Lease rent Rs.250/ per Hectare per year which is subject upward revision Rs.320 after 30 years and Rs.620/ after 60 years.
Interest on the simple interest aforesaid amount at the rate of 18 per annum w.e.f.
