M.L.SHRIMAL, N.M.KASLIWAL
Associated Cement Companies – Appellant
Versus
State of Rajasthan – Respondent
2. Shorn of unnecessary details, the brief facts, for the decision of this appeal are that the appellant is a public limited company, registered under the Indian Companies Act, 1913 The predecessor-in-interest of the Company obtained a mining lease on December 1,1913, for a period of 30 years in the erstwhile State of Bundi with a provision for further renewal, It established a factory and commenced production of cement in the year 1917. The predecessor--in-title transferred its right, title and interest to the appellant in the year 1937. The lease was renewed for a period of 30 years on August 1, 1943. On March 17, 1969, the Controller of Mines and Leases modified the terms of the lease, whereby the lease-area was reduced from 101 Sq. Miles to 20.5 Sq. Miles and thereafter the lease was renewed for a further period of 20 years from August 1, 1973 to July 31, 1993.
3. After the est
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