( 1 ) WE had pronounced the operative order in this writ petition on 21. 12. 1990. The detailed reasons are as follows.

( 2 ) M/s, Skipper Construction Co. (P) Ltd. , the petitioners, are well known builders of Delhi. A land ad-measuring 2540 sq. meters was allotted to them by auction by (he D. D. A. on 810. 1980. The auction was of a commercial plot in Jhandewalan block known as the Commercial Tower Plot. Petitioners bid for Rs. 9. 82 crores was accepted and the petitioners paid a sum of Rs- 2. 45,75,000. 00 being 25 per cent of the bid amount that very day. Even after repeated opportunities by the D. D. A. and the Court only part of the amount has been paid and as on 31st July, 1990, a sum of Rs. 8,12,68,798. 00 is still unpaid by the petitioner. This amount includes part of the principal and interest for delayed payment. Through the interim orders of this Court the petitioners have got their plans approved and got the no-objection certificate for the construction. The complex will have about 870 commercial shops. The building upto the First Floor is completed. The petitioners prayer is to permit them to continue with the construction and give a bank guarantee (and