JUDGMENT

Kapadia, J.-Leave granted in SLP.

2. Anil Kumar Srivastava claiming to be a public spirited citizen residing in Section 14, Noida, U.P. moved Allahabad High Court in Civil Misc. Writ Petition No. 10137 of 2004 [Transferred Case No. 54 of 2004 herein] challenging the Scheme bearing No. 2003-2004 (Commercial Hub) - Sector 18 floated by New Okhla Industrial Development Authority (NOIDA) for construction of a commercial hub on a plot bearing No. M-3 in Sector 18, Noida as arbitrary and violative of norms contained in the Board Resolution dated 10.7.2003 and the precedents with regard to size and reserve price, resulting in the loss to the State exchequer of Rs. 3.40 crores. In the writ petition, it is alleged that the impugned Scheme awards 54,320.18 sq. mtrs. of prime commercial land, without precedent, at 1/4th of the prevailing market price and by fixing the reserve price at abysmally low, throw away, price; that the said Scheme is, therefore, arbitrary and violative of Article 14 of the Constitution. In the writ petition, the petitioner prayed for setting aside the Scheme. Pending hearing and final disposal, the petitioner sought interim reliefs restraining NOIDA, respondent