Supreme Court of India
M/s. Jaiprakash Industries Ltd. (presently Known as M/s. Jaiprakash Associates Ltd.) v. Delhi Development Authority
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What the Court ordered
Accordingly, we dismiss this appeal with no order as to costs.
Judgment, page 15
From the headnote
Issue for Consideration High Court had sanctioned the scheme for amalgamation of M/s. Jaiprakash Associates Pvt Ltd and M/s. Jaypee Rewa Cement, directing that the properties in the Schedule thereto which included four plots perpetually leased to M/s. Jaiprakash Associates Pvt Ltd shall stand vested in M/s. Jaypee Rewa Cement-transferee (now known as the appellant). Whether amalgamation amounted to transferring the plots. Respondent- DDA’s demand for an unearned increase in the value (i.e. difference between the premium paid and the market value) from the appellant, if justified. Headnotes
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