1. Invoking extraordinary jurisdiction of this Court under Art.226/227 of the Constitution of India, petitioners herein have sought appropriate writ(s) commanding respondent No. 2 / Raipur Development Authority (hereinafter referred to as 'RDA' ) herein to execute and register the lease deed in their favour in respect of the land admeasuring 42,000 sq. ft. of Scheme No. 32 Devendra Nagar of said Authority and also sought related consequential benefits.

2. Imperative facts necessary for adjudication of dispute raised in this writ petition are as under :
2.1 Respondent No. 2 - RDA took a decision to auction the land admeasuring 1,08,000 sq. feet, which was lying vacant in Scheme No. 32 of respondent No. 2 - RDA, known as Devendra Nagar Scheme. Accordingly, the auction sale was held on 24-5-1985. In the said auction, bid offered by the petitioners was accepted being highest. The petitioners, in accordance with terms and conditions of the auction, were directed to deposit - 1/3th of the bid amount and they deposited it.
2.2 One Prakashchand Lunked and another filed a writ petition numbered as Misc. Petition No. 1464/85 before the High Court of Madhya Pradesh impugning the legality and va