PRADEEP NANDRAJOG, J.

1. Airports Authority of India (hereinafter referred to as AAI) was the owner of 29000 square meter land near Mumbai International Airport, out of which 2 parcels ad-measuring 9000 square meters each were leased to Leela Scottish Lace Ltd. and Leela Venture Limited, (hereinafter referred to as LEELA) leaving behind 11000 square meters land, which initially was given on a license to LEELA.

2. Dispute concerns said 11000 square meters land which, vide lease-deed dated February 07, 1996, was demised in favour of LEELA for a period of 30 years on the terms and conditions contemplated therein. A supplemental agreement of even date was also executed, and the reason thereof was that clause 3 of the lease-deed had to be given effect to.

3. The lease-deed mandated LEELA to construct a wing to the existing hotel building housing therein 150 rooms and for which entire cost to render the building fit to be used for lodging had to be spent by LEELA. At the expiry of the period of lease, the structure, fittings, fixtures, plant and machinery were to vest with A