JUDGMENT

S.R. Krishna Kumar, J. - In this petition, petitioner seeks declaration that the acquisition proceedings pursuant to the preliminary notification dated 31.05.1963 issued by the City Improvement Trust Board (for short 'the CITB') and the final notification dated 28.10.1971 issued by the State Government in respect of the subject land bearing Sy. No. 79 of Jarakabande Kaval, Yelahanka Hobli, Bangalore North taluk, measuring 4.01 acres have stood lapsed under Section 24(2)(ii) and 25 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (for short 'the said Act of 2013') have been abandoned and non est and for a direction to the respondents to restore possession of the subject land to the petitioners. Alternatively, petitioners have sought for a direction to pay compensation together with all consequential benefits to the petitioners in accordance with the said Act of 2013.

2. Briefly stated, the contentions urged by the petitioners are that the subject land was purchased by the petitioners and their predecessor in title vide registered sale deed dated 08.01.1964 and the same was converted for industrial purpose on 07.