JUDGMENT - N.D. VYAS, J. :---By the present petition under Article 226 of the Constitution of India, the Petitioners are challenging the validity and legality of the action on the part of the Respondents in demanding and recovering a sum of Rs. 9,42,000\- from the Petitioners. The Petitioners have further prayed for a suitable order directing the respondents to withdraw and/or cancel their letters dated 19th January 1988 and 11th May, 1988 impugned in the petition and to refund the amount of Rs. 9,42,000/- with interest. Briefly stated the facts giving rise to the present petition are as follows.

2.By an application dated 17th January 1981, the Petitioner No. 1 requested the Respondents to grant a lease to them of a plot of land in Sector 17 in Vashi, New Bombay, admeasuring about 1,850 sq. mtrs. The Respondents is a Government Company, incorporated under the provisions of the Companies Act and have been designated as the New Town Development Authority of the new town of New Bombay under the provisions of Maharashtra Regional and Town Planning Act, 1966. Pursuant to the Petitioner's said application, an agreement to lease was executed between the parties on 22nd October 1981. Und

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