JUDGMENT :

The petitioner is stated to be a Company registered under the provisions of the Companies Act, 1956 and presently governed by the Companies Act, 2013. They say that, they were allotted, on higher purchase, an extent of five Acres of land in the Industrial Development Area, Kanjikkode, Palakkad, through Ext.P1, as early as on 12.07.1994; pursuant to which, Ext.P2 agreement was entered into with the Manager of the District Industries Centre, Palakkad, binding themselves as to the terms of such allotment.

2. The petitioner says that, as per Ext.P2 agreement, they were to pay the total value of the plot, namely Rs.4,14,000/-, in 10 equal annual installments, along with 6.5% interest, commencing from 30.08.1995; and that they paid off the said amount without breach. They say that this is manifest from Exts.P3 and P4 communications issued by the General Manager, District Industries Centre on 26.08.2008 and 19.10.2009 respectively, unequivocally certifying that they have paid off the entire amount of Rs.9,06,000/-, being the land value and interest and are thus eligible to get 'Patta' with respect to the land in question, subject to the clearing of balance of the land cost, that