(1.) Heard Sri R.C.Singh, learned counsel for the appellant and Sri M.A.Qadeer, Senior Advocate assisted by Sri V.K.Nagaich, Advocate for respondent no.2/1/4.
(2.) Tthis Court formulated following substantial questions of law, which have to be answered in this appeal:
(3.) The necessary facts, in brief, for better understanding of dispute so as to effectively answer aforesaid questions, to be looked into, are stated as under: