Fri. Jan 22nd, 2021

V.Sreenivas vs M/S.Felex Enterprises Pvt. Ltd. & … on 19 January, 2016

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1. Shorn of unnecessary details, the relevant facts for the purpose of
adjudication of the present appeal required to be noted (as set out in the
pleadings of parties) are that Lakshmi Cement & Ceramics Industries Ltd.
(hereinafter referred to as the ‘Lakshmi Industries’) held a mining lease to
mine Lime Stone, Dolomite and Manganese over a parcel of land ad-
measuring 600 acres in survey Nos.9, 42, 43, 100 and 102 of Ittigehalli
Village, Mathudo Hobli, Hosadurga Taluk, Chitradurga District,
Karnataka.
2. On September 23, 2004 an agreement was entered into between
Lakshmi Industries and V.Sreenivas (hereinafter referred to as the
‘Sreenivas’) whereby Lakshmi Industries agreed to transfer 200 acres out

RFA (OS) No.94/2009 Page 1 of 27
of 600 acres of aforesaid land for a sum of `1,62,00,000/- (Rupees One
Crore Sixty Two Lakhs only).

Source: Indian Kanoon

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