T. N. C. RANGARAJAN, J.

( 1 ) THIS writ appeal arises from the order of N. Y. Hanumanthappa J. , dismissing the writ petition at the admission stage. The writ petition challenged grant of letter of intent to Vasavi Jute Mills Private Limited (herein after referred to as vasavi , even though it has since been renamed as Varalaxmi Sugars Limited) for setting up a sugar factory, on the grounds that the petitioner Coastal Papers Limited (hereinafter referred to as coastal ) which had already been given a letter of intent to set up a sugar factory, would be adversely affected. The learned Judge was of the view that the matter was one of the economic policy, there were no mala fides in the grant of letter of intent to Vasavi and no grievance that can be adquately redressed and consequently, there was no requirement of giving notice to the petitioner before grant of letter of intent to Vasavi with the result that the petitioner, as a rival trader, had no right or locus standi to maintain the writ petition.

( 2 ) THE learned counsel for the writ petitioner took us through a mass of documents to urge that certain norms relating to the provisions of adequate raw material to the proposed un

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