(1.) The respondent no.1 is a Public Trust which owns agricultural land Survey No. 50 [Gat No. 197], admeasuring 32 acres and 35 Gunthas, and land Survey No. 49 [Gat No. 196], admeasuring 20 acres and 36 Gunthas at village Gaigaon, Taluka Balapur, District Akola amongst other properties. This land is hereinafter referred, for brevity, as 'suit land.'
(2.) It was not possible for the Trust to manage the property, and to earn income from the agricultural lands. At the same time, the Trust was in need of funds for developing a plot in its possession by raising a hostel for students of Polytechnic College run by it, to carry out repairs to the college building, in order to upgrade the building to the requirements laid down by the Indian Council of Technical Education, and all this needed raising of funds.
(3.) Due to these financial compulsions, the respondent no.1 resolved in its meeting dated 5th January, 1994 to sell some of its immovable properties, and for this purpose, gave a Public Notice in the newspaper inviting tenders.
ABOUT US "REGENT COMPUTRONICS PVT. LTD." is a Company incorporated in 1991 under the provisions of the Companies Act, 1956. Since its inception to 1995, the Company was busy in carrying out the activities related to various Banks' Job Work..
Read More
Sales: sales@the-laws.com
Support: info@the-laws.com
8000853936
9376168072
27, 4TH FLOOR, Agrawal Center, Ashram Road, Income Tax, Ahmadabad 380014.
LOGIN