( 1 ) PETITIONERS, in essence, are aggrieved by the fixation of price to the lands and sheds (REFERRED TO as industrial sheds), by the 1st respondent Corporation (also REFERRED TO as DSIDC ). A stretch of land measuring 26 acres in Rohtak Road was developed and sheds were constructed by DSIDC. They were allotted to young, unemployed entrepreneurs under a scheme evolved to train unemployed engineers in self-employment and then to allot industrial sheds to them to carry on Small Scale industries. Each land with a shed was initially granted on lease, in or about the year 1976 or 1977. Thereafter, there was an announcement that these sheds would be sold to the lessees on hire- purchase basis. According to the petitioners, the promise held out was to charge only actual cost of the land and the cost of construction as the hire- purchase price and that DSIDC has ignored this principle by demanding unreasonable amount as the said price.

( 2 ) THE contesting respondents contend that the lessees did not even pay the rents as agreed and huge arrears got accumulated resulting in great burden on the DSIDC, because, DSIDC had borrowed large sums from the banks to finance