BHANWAR SINGH, RACHNA
Greater Noida Industrial Development Authority – Appellant
Versus
Bhagirath Sewa Sansthan – Respondent
Bhanwar Singh, President—Heard learned Counsel for both the parties at length and perused the entire record before us.
2. The core issue which requires our determination and which is the main bone of contention between the parties is as to whether the interest to be levied upon the complainant/allottee of the plot No.19 measuring 8190 sq. metres Greater Noida has to be reckoned with from the date of initial allotment-cum-intimation letter dated 16.3.1999 as pleaded by the appellant authority or it is to be calculated w.e.f. 16.9.1999 i.e. from the date of the revised allotment-cum-intimation letter as pleaded by the respondent/ complainant?
3. The facts which are not disputed would indicate that plot No.19 having an area of 8190 sq. metres was allotted to Bhagirath Sewa Sansthan for establishment of integrated Higher Secondary School at Greater Noida at the rate of Rs.625.00 per sq. metre. Out of this land, 4047 sq. metres land had to be given free of cost for play-ground and the total price of the land which was the subject matter of realisation, as the lease-rent and the premium amount was Rs.25,89,375.00. What is more important to note as admitted to both the parties,
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