2009 (2) TMI 915

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....ned Counsel for the petitioner. 2. Delay condoned. 3. Leave granted. 4. In view of the decision of the Constitution Bench of this Court in Sunrise Associates v. Govt. of NCT of Delhi and Ors. reported in AIR2006SC1908 , we find no merit in this appeal which is accordingly dismissed. It need to be stated that this Court in the said case inter alia held as follows: We have no....

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....of paper. Its value lies in the fact that it represents a chance or a right to a conditional benefit of winning a prize of a greater value than the consideration paid for the transfer of that chance. It is nothing more than a token or evidence of this right. The Court in H.Anraj, as we have seen, held that a lottery ticket is a slip of paper of memoranda evidencing the transfer of certain rights. ....