SANJIV KHANNA, J.:

Avenue Realities and Developers Private Limited on 21^st May, 1996 filed the present writ petition impugning the order dated 29^th February, 1996 passed by the Appropriate Authority under Section 269 UD (1) of the Income Tax Act, 1961 (Act, for short) questioning and challenging acquisition/compulsory purchase by the Central Government of the immovable property bearing No. S-380, Panchsheel Park, New Delhi (the property, for short).

2. Arguments in the said writ petition were heard and judgment was reserved vide order dated 15^th November, 2011. However, the matter was re-listed for further arguments on 3^rd January, 2012, when the following order was passed:-

“ Judgment in this case was reserved on 15^th November, 2011. On going through the file it is noticed that the Revenue had filed C.M.No.2208/1997 for vacation of stay. In this application, it is stated that the order under Section 269 UD (1) of the Income Tax Act, 1961 was passed on 29^th February, 1996 and thereafter Rs.2,37,00,000/- was paid to the sellers, respondent Nos.3 and 4 on 22^nd March, 1996. Petitioner, the intending purchaser, had received a payment of Rs.42,00,000/- on 17^th March, 1996. The present