JUDGMENT AND ORDER

1. The brief facts of the case are that one H.M. Cements Limited (HMCL) had entered into a deed of agreement for the construction of a Five Star Hotel-cum-Commercial Complex, at the old Municipal office premises at Jail Road, Shillong, and the project was to be implemented on a Public Private Partnership (PPP) mode. The stamp duty and registration charges on the said deed of agreement was waived off by the State respondents, and as such no charges were paid by HMCL. HMCL, then transferred the rights to another group company namely Maxim Infrastructure & Real Estate Pvt. Ltd. (MIREPL) which was approved by the State respondents. Thereafter, MIREPL entered into insolvency proceedings before the National Company Law Tribunal (NCLT) Guwahati Bench and pursuant to an order dated 25.10.2019, MIREPL was taken over by a new promoter as per the approved resolution plan and o