The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), the promoter of IMT Manesar, has been asked to submit the policy by February 7.
The high court had issued a notice to the HSIIDC on December 14 on a petition filed by the IMT industrial association that alleged gross discrepancies in the calculation of the enhanced land cost to be paid to the villagers as ordered by the Supreme Court in 2010.
Another industry group, the Manesar Industries Welfare Association (MIWA), had filed a separate petition on similar lines on Monday, which the HC had clubbed together.
The HSIIDC, in its reply on Friday, proposed to form a committee on land enhancement comprising the industry body's managing director, the Haryana Urban Development Authority's (Huda) chief administrator and Haryana's chief town planner. However, the idea was not accepted by the petitioners' counsel.
According to industrialists, the HSIIDC has allegedly amassed over R600 crore by auctioning around 60% of the land for commercial and industrial plots, against the stipulated 55%. They are now demanding an inquiry by an independent auditor.
In 2010, the Supreme Court had raised the compensation for farmers whose land was acquired for the project from R4 lakh per acre to R10 lakh per acre.
The HSIIDC says it's supposed to pay about R1,300 crore to farmers as enhanced cost. It has issued notices to industrialists to foot the bill.