New Okhla Industrial Development ... vs Arvind Sonekar

The Supreme Court held that the Noida Authorities were justified in charging the allotment rate of Rs.3600 per sq. mtr. as per the terms accepted by the respondent in the affidavit and subsequent lease deed. The Court emphasized that the respondent had accepted the terms of allotment, including the rate, and had previously accepted a refund without reservation. Consequently, the MRTP Commission's order directing a refund of excess charges was set aside, affirming the validity of the allotment terms under the relevant provisions of the MRTP Act.