The petitioner was allotted 36 cents of land in an Industrial Development Area in Kanjikode for setting up an industrial unit. The petitioner set up a fabrication unit in the allotted land. For the purpose of the industry, petitioner constructed two buildings and compound wall. While so, the petitioner’s daughter was diagnosed with a serious cardiac ailment and had to undergo open-heart surgery. As a result, the petitioner was not able to concentrate on his business during the period 2014 to 2017. During this interregnum, the business was managed by petitioner's manager. According to the petitioner, the manager had to be terminated for pilfering money. Thereafter, the petitioner took over the business directly in 2017. As per Ext.P2 agreement executed between the petitioner and the General Manager, District Industries Centre, the petitioner is liable to remit 80% of the land value in 10 instalments and on failure, the petitioner has to pay 2% towards penal interest, over and above the stipulated rate of