operations of the Co-Developer. (copy enclosed at paper book pages
58-59)
(vii) Copy of definitive Co-Developer Agreement dated 20th Mar,
2008. (copy ... Infocity Developers Vs. ACIT
the details for transfer of cold/bare shell by the assessee to the notified
co-developer;
b) Agreement for lease
full development rights to the Developers and hereby
allow the Developers to enter upon and develop full and in all
respect and in all manner ... necessary or required to enable the Developers to develop
and complete the development of the said property. The Developers
shall incur the necessary expenditure
Developer.
(h) On 2.8.2008, the Dahej SEZ Limited (the Developer) and the Torrent
Energy Limited (the Co-Developer), the Appellant, entered into an
agreement called ... Developer Agreement". As per the
Agreement, the Co-Developer shall have sole and exclusive rights
with respect to development of gas based power generation
verification or valuation by a valuer contrary to the agreement and tripartite
agreement. The developer
was guilty in not completing the
construction within the time ... months. Pursuant
to the above agreements of sale, tripartite
agreements are also entered into between the developer, complainants and finance
company where the finance company
verification or valuation by a valuer contrary to the agreement and tripartite
agreement. The developer
was guilty in not completing the
construction within the time ... months. Pursuant
to the above agreements of sale, tripartite agreements are also entered into between the developer, complainants and bank where the bank undertook
verification or valuation by a valuer contrary to the agreement and tripartite
agreement. The developer was
guilty in not completing the construction within the time ... this order. Recoursing the above agreement, a tripartite agreement was executed in
between the complainant, developer and the bank. The complainants allege that contrary
verification or valuation by a valuer contrary to the agreement and tripartite
agreement. The developer
was guilty in not completing the
construction within the time ... agreed by the bank,
borrower and the developer that the obligations of the developer under this
agreement shall be effect up to the handing over
Supplemental Agreement was entered into
between the plaintiff and the defendant no.1 dated 5 th September, 2006.
Under the said Agreement the Developer ... time to time. Under the original agreement of 1986 which
was an agreement simplicitor for development without the developer
entitled to any benefits on account
tripartite agreement and the agreement of lease would be
violated and the future development would be in accordance thereto.
17. The developer has been allowed ... land leased to the landholders was to be developed by the developer under
the tripartite agreement and was available to the developer to be developed
verification or valuation by a valuer contrary to the agreement and tripartite
agreement. The developer was
guilty in not completing the construction within the time ... months. Pursuant
to the above agreements of sale, a tripartite agreements are also entered into between the developer, complainants and
bank where the bank undertook
