Akil Abdul Hamid Kureshi, J.

1. The petitioner has prayed for a direction to the respondents to release an amount of security deposit of Rs. 39.85 lacs (round about) with interest. The litigation has checkered history.

2. Briefly stated facts are as under:-

Petitioner is a proprietorship concern and is engaged in the business of exhibiting advertisements on bill-boards and kiosk at various places in the State of Gujarat. Vadodara Municipal Corporation had awarded a contract to the petitioner for exhibiting such advertisements on the electric poles within the Corporation limit of the city of Baroda. For awarding the contract at different rates the city was divided into four zones. For Zone No. 1 the contract period was three years commencing from 27.10.2009. For Zone No. 2 the contract period was three years commencing from 18.3.2010. For Zone No. 3 the contract period was three years commencing from 17.10.2011 and for Zone No. 4 the contract period was three years commencing from 20.09.2011.

3. During the course of such period serious disputes arose between the petitioner and the Corporation. The Corporation therefore passed an order dated 17.8.2012 and terminated the petiti