2005 (9) TMI 51

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..... ons, as determined by the competent authority, had not at all been tendered by the Central Government to the parties to Form No. 37-I as was required to be tendered under section 269UF read with section 269UG - in our considered view, the operation of section 269UH of the Act in no way can be arrested. Consequently, the right to purchase exercised by the Central Government stands abrogated with th .....

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..... apter XX-C was on the ground that the consideration disclosed in the sale documents fall short of the real market value of the properties. The potent contention amongst various others raised in these petitions, at the Bar, which alone is sufficient to dispose of these petitions, is that the amount of apparent consideration in both the petitions, as determined by the competent authority, had not .....

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..... ed by the Central Government stands abrogated with the failure on the part of the Department to pay the amount of apparent consideration. In the result the impugned orders cannot stand the scrutiny of law. The impugned orders incorporated at exhibit E (in both the petitions) are, therefore, liable to be quashed and set aside. Accordingly, they are set aside and it is hereby declared that the prope .....

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