JUDGMENT :

Dinesh Maheshwari, J.

PRELIMINARY AND BRIEF OUTLINE

Leave granted.

2. This appeal is directed against the judgment and order dated 11.01.2019 passed in D.B. Civil Writ Petition No. 9090 of 2018, whereby the High Court of Judicature for Rajasthan, Bench at Jaipur, dismissed the writ petition filed by the appellants while upholding the order of revision dated 12.03.2018 as passed by the Additional Chief Secretary, Finance, Government of Rajasthan, Jaipur¹[‘ACS’ for short] in revision proceedings under Clause 13 of the Rajasthan Investment Promotion Scheme-2003²[Hereinafter also referred to as ‘RIPS-2003’ or simply ‘the Scheme’.].

2.1. The appellant No.1, M/s Ultratech Cement Limited (Unit-Kotputli Cement Works), is a public limited company registered under the Companies Act, 1956 and engaged in the business of manufacturing and marketing of cement and allied products. It may be noted that previously, the appellant was carrying on its business in the name of M/s Grasim Industries Limited³[The company’s name was changed to M/s Ultratech Cement Limited w.e.f. 01.08.2010.], a