1. Appellants are owners of some parcels of lands notified initially u/s 3(1) of the Karnataka Industrial Area Development Act, 1966 (for short ‘the Act’) as per notification No. CI 565 SPQ 2006, Bangalore, dated 06.12.2006 (copy at Annexure-A) and published in the Karnataka Gazette dated 08.12.2006 declaring it as an industrial area for the purpose of the Act. Simultaneously, another notification of even date was issued u/s 1 (3) of the Act indicating that the provisions of Chapter 7 of this Act was made applicable and the statutory provisions provided for in this Chapter for acquisition and disposal of land so notified will be put into operation.

2. The third notification also came to be issued simultaneously on the very date u/s 28 (1) of the Act indicating that the very lands are required for the purpose of establishing industries by the 5th respondent – M/s. Parivarthana Alpasankhyatara Agricultural Cooperative Society, Belgaum, and the subject lands are required to be developed for such purpose and are therefore required to be so developed by the Karnataka Industrial Area Development Board (for short ‘Board’). A notification was issued by the state Government indic