P. RAMACHANDRA RAJU, J.

( 1 ) THE petitioners are the owners of 6,224 sq. yards of site forming part of Survey No. 71, Sarojinidevi Road, Secunderabad. Late N. P. Chenoy, father of the first petitioner and Dr. E. P. Chenoy, father of petitioner Nos. 2 to 4, executed a registered lease deed dated 5-3-1962 in favour of Sri Jainarayana Misra in respect of the said land for a period of 30 years on condition that the lessee should construct a permanent cinema theatre at his own cost and that at the end of the said period, the lessee shall hand over the leased premises including the cinema building with all the appurtenances, furniture, machinery, electrical fixtures, sanitary equipment and all installations to the lessors without claiming any compensation whatsoever. Accordingly, the original lessee constructed Nataraj Cinema Theatre. Later a supplementary lease deed dated 28-11-1966 was also executed whereunder the lessee was given a right of option to extend the period of lease for a further period of 10 years, after the expiry of the30 years period and that such an option should be exercised by a notice in writing within a period of six months before the expiry of the original lease p

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