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15. Then in paragraph 9, the notice issued by Messrs. Neat Holdings and Trading Co. (P.) Ltd., regarding the agreement entered into by respondents Nos. 2 and 3 in its favour, is referred to. Ultimately, in paragraph 10, it is stated thus :

"It may also be mentioned here that the property at No. 6 (old No. 4-A), Infantry Road, was purchased under section 269UD(1) On June 28, 1989. The property at No. 6, Infantry Road is adjacent to the property which is under consideration. The property at No. 6, Infantry Road, was offered for sale by an agreement of April 14, 1989, at a gross consideration of Rs. 66,30,000. The land area was 14,200 sq. ft. with an old building having plinth area of 4,598 sq. ft. After taking into account the salvage value, the land rate was worked out at Rs. 457 per sq. ft. The said property was purchased having regard to the sale instances of flats in and around Infantry Road. It is also noticed that Sri. D. N. Irani obtained the permission of the Reserve Bank of India for sale of his undivided interest in the property to Mass Traders Pvt. Ltd. as required under the Foreign Exchange Regulation Act, 1973. It is also observed from the proceedings of the Special Deputy Commissioner, Urban Land Ceiling, that there is no excess vacant land in the premises at Nos. 4 and 5 (new Nos. 9 and 11), Infantry Road, Bangalore."