JUDGMENT

Manish Pitale, J. - The Petitioner is aggrieved by two notices issued by the Respondent-Goa Industrial Development Corporation. One pertains to demand in respect of differential transfer fees amounting to Rs. 26,61,61,500/-. The other notice pertains to arrears of annual rent allegedly payable by the Petitioner to the Respondent-Corporation. The demand towards the differential transfer fees and arrears of annual rent pertained to a plot admeasuring 2,41,965 square metres situated at Sancoale, Mormugao Taluka, South Goa. The said plot was acquired by the Government of Goa for the Respondent-Corporation under a pre-acquisition agreement with M/s. Meta Copper & Alloys Ltd. (formerly known as Meta Strips Ltd.). The said plot was leased to the said M/s. Meta Copper & Alloys Ltd., under a Deed of Lease dated 24.12.1998, for a period of 30 years with annual lease rent fixed at Rs. 73,567/-.

2. The aforesaid M/s. Meta Copper & Alloys Ltd. developed the entire plot as it was a barren piece of land when possession was handed over and, sometime in the year 2001, it commenced manufacturing activity on the said plot of land. The manufacturing activity continued till the year 2011.

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