U.P.STATE INDUSATRIAL DEV. CORPN. vs INGERSOLL RAND WADCO TOOLS LTD.

The Supreme Court set aside the Allahabad High Court's judgment that allowed a writ petition challenging the U.P. State Industrial Development Corporation's demand for transfer charges related to a building expansion plan. The Court found that the High Court had erred in its factual assessment, particularly regarding the existence of an agreement between the parties and the nature of the corporate changes. The matter was remitted to the High Court for fresh consideration, with a directive to resolve the writ petition within six months.