CWP No.419 of 2006 9.1.2008: Present: Mr. K.D.Sood, Advocate, for the petitioners. Mr. Balwant Kukreja, Advocate, for the respondent. In sequel to order dated 27.12.2007, Mr. Kapil Dev Sood duly instructed by his client submits that his client is ready and willing to pay a sum of Rs.3000/- per square meter as per the decision of the Board of Directors within a period of six months. Mr. Balwant Kukreja, learned counsel appearing on behalf of the respondent-Corporation submits that though the Corporation accepts the offer made by the petitioner, but the amount should be deposited within a period of 30 days. Mr. Kapil Dev Sood further submits that it will be difficult for his client to arrange a sum of Rs.40 lacs and the amount may be permitted to be deposited with the Corporation in easy installments. I am of the considered opinion that the equities can be settled between the parties by directing the petitioner to deposit a sum of Rs.20,00,000.- (twenty lacs) within a period of two months from today and the remaining amount within the further period of two months thereafter. In the eventuality of the failure of the petitioner to pay the installments as agreed, the respondent-Corporation will be at liberty to hand over the possession of the plot in question to Shri Narinder Singla who was the highest bidder at the time of auction. It is further directed that the petitioner will not alienate the plot in question in any manner without the express written permission of the respondent-Corporation. The plot in question will be put only for the purpose of setting up an industry within a period of two years. In view of the observations made hereinabove, the writ petition is disposed. However, the parties are directed to complete other codal formalities within a period of one month. No order as to costs. January 9, 2008(sck) ( Rajiv Sharma ), J.