In Brief
The appellants, a co-operative housing society, challenged an order of the High Power Committee confirming the Slum Rehabilitation Authority's demand for premium on a Letter of Intent for a slum rehabilitation project. The Letter of Intent was valid for three months only. When delays occurred in obtaining clearance from the Coastal Zone Management Authority, the appellants contended the SRA should have kept the LOI alive. The Supreme Court upheld the High Court's dismissal, holding that if the LOI lapses, premium becomes payable as per Government Resolution. The demand was legally valid and in conformity with law.
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