Ras Resorts & Apart Hotels & Anr vs Union Of India And Ors

The Supreme Court held that the appellants' claim for a 5% interest subsidy based on promissory estoppel was not supported by the Draft Seventh Five Year Plan 1985-90 or the Annual Plan 1985-86. The Court found that the plans were prepared after the lease was granted and thus could not create any binding obligation on the government. The appeal against the Bombay High Court's dismissal of the writ petition and review petition was dismissed, affirming the lower court's ruling.