DIPAK KUMAR SEN, J.

( 1 ) THE six petitioners in these proceedings viz. , Taherbhoy Feeda Ally, Yayahbhoy Feeda Ally, Abdullabhoy Feeda Ally, Salehbhoy Feeda Ally, Dawoodbhoy Feeda Ally and Tayebhoy Feeda Ally seek to impugn an order No. 27/s/223 of 1977 dated the 6th April 1977 passed by the competent Authority under the Urban Land (Ceiling and Regulation) Act, 1976 (hereinafter referred to as 'the said Act' ). The undisputed facts relevant to these proceedings are, inter alia, that the petitioners are owners in possession of premises Nos. 83a and 83b, Park Street (hereinafter referred to as 'the said premises' ). Under an agreement in writing dated the 2nd September 1976 the petitioner agreed to sell to Favourite Small Investment Limited, the respondent No. 4 in these proceedings, the said premises for a price of Rs. 8 lakhs on, inter alia, the following terms and conditions: (a) The sale would be subject to the petitioners obtaining the necessary certificate and/or permission under the said Act; (b) The petitioners would simultaneously with the execution of the agreement give vacant possession of the entire ground floor of premises No. 83a, Park Street to the respondent No. 4 w

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