JUDGMENT

Jayant Nath, J. This Writ Petition is filed by the petitioner seeking to quash the impugned demand dated 08.11.2016 raised by the respondent for conversion of the property from leasehold to freehold. A direction is also sought to the respondent to execute the Conveyance Deed of the plot in question, namely, plot No.53, Wazirpur Group Industrial Area, ad-measuring 400 sq.yards in favour of the petitioner company.

2. The petitioner is said to be a Private Limited Company incorporated in 1977. On 02.09.1976, a Perpetual Lease Agreement was entered into between M/s. Jayna Plastic Works through its proprietor Mr.Vir Anil Jain and the Hon'ble President of India acting through the respondent for leasing of the industrial plot No. A-53, Wazirpur Group Industrial Area, Delhi-110052 (hereinafter referred to as "the property"). On 30.09.1977, the said M/s. Jayna Plastic Works through its proprietor applied for conversion of the property from M/s. Jayna Plastic Works to the petitioner company i.e. Vipul Plastic and Allied Industries Pvt. Ltd. In 1978 the subscription of the equity shares of the petitioner was increased from 8 to 300 shares and the majority shares vested with the fam