Saffe Panel Industry (P) LTD. vs. State Of Kerala
Held
The High Court directed the Kerala State Industrial Development Corporation (KSIDC) to consider whether the lease deed should be executed in favor of Saffe Panel or if Evershine's request for cancellation of the transfer should be accepted. KSIDC must pass orders within two months after hearing both parties, having due regard to the facts and the rules relating to Disposal of Land for Industrial Purposes.
Facts
Evershine Petroleum Pvt. Ltd. agreed to transfer its industrial land lease from KSIDC to Saffe Panel Industry (P) Ltd. DILAC approved the transfer subject to conditions, including payment of arrears and transfer charges (plus GST) within 90 days. Saffe Panel paid its dues within the stipulated period, but Evershine later sought to cancel the transfer and made partial payments after the deadline.
Key Issues
Whether the transfer of industrial land lease from Evershine to Saffe Panel should be finalized by KSIDC, considering Saffe Panel's timely payments and Evershine's subsequent request for cancellation and delayed payments.
Sections Cited
None
AI-generated summary — verify with the full judgment below
IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE T.R.RAVI FRIDAY, THE 3RD DAY OF SEPTEMBER 2021 / 12TH BHADRA, 1943 WP(C) NO. 23661 OF 2020 PETITIONER: SAFFE PANEL INDUSTRY (P) LTD., INDUSTRIAL GROWTH CENTRE, PALLIPPURAM, CHERTHALA, ALAPPUZHA 688 541, REP. BY ITS MANAGING DIRECTOR SRI. MUJESH C.K.P., BY ADVS. K.T.THOMAS SRI.MATHEW B. KURIAN SRI.NIKHIL BERNY RESPONDENTS: 1 STATE OF KERALA REP. BY SECRETARY TO GOVERNMENT, DEPARTMENT OF INDUSTRIES AND COMMERCE, SECRETARIAT, THIRUVANANTHAPURAM 695001. 2 KERALA STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD., KESTON ROAD, KOWDIAR, THIRUVANANTHAPRUAM 695 003, REP. BY ITS MANAGING DIRECTOR. 3 THE ASSISTANT MANAGER, (PROJECTS), KERALA STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD, 2ND FLOOR, CHOICE TOWERS, MANORMA JUNCTION, KOCHI 682 016. W.P.(C)Nos.23661 and 26604 of 2020 :-2-: 4 EVERSHINE PETROLEUM PVT.LTD., MULAVARIKKAL ESTATE BUILDING, ASOKAPURAM P.O. ALUVA, ERNAKULAM, 683 101, REP
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