This paper discusses how a massive drive for converting agricultural land to non-agricultural use is taking place in the Third World in the recent phase of globalisation, driven chiefly by corporate capital and often by utilizing the instrument of state power. The first Section of this paper discusses the background of land transfer and the corporatisation of land with special reference to India, followed by a discussion on the nature of justice that the dispossessed receive when land is transferred to the corporate. The role of the state as the mitigator has also been discussed in this paper.