( 1 ) BY way of this writ petition under Article 226 of the Constitution of India, petitioners have prayed that the order dated 4th December, 1986 mentioned in the letter dated 18th December, 1986 issued by Deputy Director (Industrial), Delhi Development Authority be quashed and that the writ of mandamus may be issued directing the respondents to hand over possession of plot No. 88/4, Block D, Okhla Industrial Area, Phase I, New Delhi.

( 2 ) BRIEFLY stated, the facts leading to the filing of this writ petition are that the petitioner No. 2 is the managing director of the petitioner No. I which is a registered company under the Indian Companies Act. It started a small manufacturing unit in Okhia for making liquid oral formulations under licence from the Drug Control, Delhi. According to the averments made in the petition industrial plot No. 88/4, Block D measuring 202. 88 sq. mts. in the Okhia Industrial Area Phase I New Delhi was put for auction on 8th August, 1984. The petitioner gave a bid for Rs. 3 lacs. At the time of the bid a sum of Rs. 75,000. 00 deposited as a part of the sale price. The balance amount was not deposited and so a letter dated 10th December 1