The Supreme Court of India upheld the order of the HSIDC to revoke the industrial plot allotted to the appellant.The Supreme Court stated that the intention behind such schemes is industrial development and hence the clauses related to construction of the proposed unit, installation of machinery and commencement of production are incorporated in the contract of allotment.

Further, the Supreme ourt stated that there was no intention on the part of the appellant to start the unit. Since the objective is industrial development, there is no scope for speculators interested in the increase in price of the aforementioned unit.Hence, the revocation of the industrial plot is justified.

AMAN SEMI-CONDUCTORS (PVT.) LTD. …APPELLANT(S)
VERSUS
HARYANA STATE INDUSTRIAL
DEVLOPMENT CORPORATION LTD. & ANR. …RESPONDENT(S)
decided by the Supreme Court of India on Feb.,27, 2023.

By aor.sanjivnarang@gmail.com

Sanjiv Narang Adv. is an Advocate on Record in the Supreme Court of India. His qualifications include an LLB from University of Delhi and a Masters degree in Personnel Management from Panjab University,Chandigarh.In his more than 3 decades of experience, he has practiced law at the District, High Court and Supreme Court levels.He also has more than a decade of experience in the field of Management. He is the author of two books namely Laws for Women in India and Innovation, Why What and How.