JUDGMENT - A.P. SHAH, J.:---The first petitioner Bajaj Tempo Limited (hereinafter called the 'Company') is a company registered under the Companies Act and the second petitioner is its Managing Director. The Company is carrying on business of manufacture and sale of light commercial vehicles in different models such as mini-bus, station wagon, utility van, ambulance, pick-up truck, dual cabin pick-up truck, delivery van, autorickshaw etc. Their manufacturing unit is located at Akurdi within the municipal limits of the first respondent Pimpri Chinchwad Municipal Corporation. The first respondent Corporation was constituted on 5th October, 1982 under a notification issued by the State Government under section 3(2) of the Bombay Provincial Municipal Corporation Act, 1949. Prior to the constitution of the Corporation it was a municipality and were governed by the Pimpri Chinchwad Municipal Council, constituted under the Maharashtra Municipalities Act, 1965. The Company imports within the municipal limits various types of raw materials, components and spares. Prior to 5th October, 1982, the Pimpri Chinchwad Municipal Council had granted to the Company current account facilities in respe

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