ORDER

J.M. Malik, Presiding Member - The present petition has been filed by Jeevan Bima Nagar Flat Owners Welfare Association. The members of the above said Welfare Association were the policy holders of the L.I.C. during October, 1993. The L.I.C., the opposite party in this case advertised in newspapers for the sale of single, double and three bedrooms residential flats construction in an area of 12.5 acres at Jeevan Bima Nagar Anna Nagar Western Extension, Madras. The salient features of the advertisement were these:

"(i) 800 Flats (single, double and three bedrooms) with price ranging from 3.3 to 6.6 lakh.

(ii) The flats are located in 12.5 acres of land with well laid out roads and other amenities.

(iii) Provision being made for locating a community centre, Public Telephone, with S.T.D. facilities, milk booth, clinic-cum-pharmacy and other similar basic facilities within easy reach all within the complex.

(iv) Constructions supervised by a team of highly experienced and qualified Engineers of L.I.C."

It was also mentioned that 40 flats were reserved for non-residents Indians and 40 more flats were reserved for the employees of the Tamilnadu Government and Tamilnadu Housing Board. T