S.N. AGGARWAL, J.

1. This writ petition filed by the petitioner was decided by this Court vide order dated 7.10.2002 and it was partly allowed. However, the petitioner was not satisfied with this order and he filed Special Leave to Appeal in the Hon’ble Supreme Court (Civil Appeal No.9267 of 2003 arising out of SLP (C) No. 9491 of 2003). The said appeal was accepted by the Hon’ble Supreme Court vide judgment dated 5.1.2004. The order of this Court dated 7.10.2002 was set aside and the matter was remitted to this court with the direction to consider the matter afresh in the light of the observations made by the Hon’ble Supreme Court in the judgment. This is how the matter is before this Bench.

2. The respondents had held auction on 6.4.1998 for the grant of contract of Bega-Murthal Sand Zone in District Sonepat for the extraction of minor mineral (sand). The petitioner offered the highest bid of Rs. l, 48, 00,000/- per annum. It was accepted. The petitioner was to pay monthly installment of Rs.12, 33,334/- .Thereafter, a contract agreement dated 30.11.1998 (Annexure P-l) was executed between the petitioner and the respondents for the period from 11.10.1998 to 31.3 .2001. Th