https://www.taxtmi.com/caselaws?id=305074 The court upheld SIPCOT's cancellation of land allotments and withdrawal of NOCs due to petitioners' failure to implement projects within the stipulated time. SIPCOT's proposed scheme for revoking cancellations, involving payment of differential costs, was deemed reasonable. Petitioners were given options to surrender lands for refunds or retain them and pay penalties in installments while completing projects within 12 months. Failure to comply would lead to allotment cancellation. The writ petitions were disposed of without costs. en-us Fri, 24 Sep 2021 00:00:00 +0530 Tue, 15 Nov 2022 09:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305074 The court upheld SIPCOT's cancellation of land allotments and withdrawal of NOCs due to petitioners' failure to implement projects within the stipulated time. SIPCOT's proposed scheme for revoking cancellations, involving payment of differential costs, was deemed reasonable. Petitioners were given options to surrender lands for refunds or retain them and pay penalties in installments while completing projects within 12 months. Failure to comply would lead to allotment cancellation. The writ petitions were disposed of without costs. Case-Laws Companies Law Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305074