MERINO INDUSTRIES LTD Vs. STATE OF U P

JUDGEMENT

(1.) THE petitioner is a company registered under the Companies Act. It is running factory with in the area of Hapur-Pilkhua Development Authority (the Authority). According to the petitioner some land has already been reserved for the use of the petitioner by the Authority. THE Authority sent a letter dated 7.2.2009 offering the land at the rate of Rs.3500/- per sq. metre. THE petitioner has filed the writ petition challenging the rate on which the land was proposed to be given.

(2.) WE have heard counsel for petitioner, the Standing counsel and Sri AK Misra for the respondents. The counsel for the petitioner submitted that : (i) The Authority has already determined the principle on which the land is to be allotted to the petitioner. (ii) The land which is to be allotted to the petitioner is to be determined as mentioned in the resolution of the Authority dated 3.12.2003. (iii) In case this method is adopted the value will come out to be Rs.1472/- per sq. metre and not Rs.3500/- per sq. metre.